Oil Rises to Five-Week High on Freeze Optimism, Weakening Dollar

  • WTI up 12% in four sessions on Saudi stabilization talk
  • U.S. crude stockpiles seen rising by 950,000 barrels: survey

Sam Zell: Energy One of Few Reasonably Priced Areas

Oil closed at its highest in five weeks, bolstered by a weakening dollar and speculation that OPEC talks next month could result in a crude output freeze.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.