Oil Rises From 3-Week Low on Report Gulf Nations May Cut Output

Updated on
  • Saudis, Gulf OPEC allies may cut output 4% from peak: Reuters
  • OPEC head Barkindo urges members to show ‘maximum flexibility’

Iraq Throws Wrench in OPEC's Plans

Oil climbed from a three-week low following a report that Gulf nations may be willing to cut output as OPEC weighs action to ease a supply glut.

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