OPEC Quota Talks End First Day as Optimism on Deal Grows
Oil Rallies as U.S. Producers Prep for OPEC Agreement
This article is for subscribers only.
Oil traders and analysts grew more confident that OPEC will reach a deal to curb global oversupply next week as delegates said talks on assigning quotas to individual countries made good progress.
Today’s discussions went well, Libyan OPEC Governor Mohamed Oun said as he left the group’s headquarters in Vienna on Monday evening. The two-day meeting, a warm-up for a full OPEC meeting next week, will continue tomorrow.