This Analyst Sees Oil Hitting $60 Next Year
Oil is heading for its biggest weekly advance since April amid speculation informal OPEC talks next month may lead to stabilization measures after prices tumbled into a bear market. Futures climbed as much as 1.6 percent in New York after surging 4.3 percent Thursday. Discussions with members of the Organization of Petroleum Exporting Countries and non-OPEC producers may include possible action to stabilize the market, Saudi Arabia’s Energy Minister Khalid Al-Falih said in a statement, according to media reports, including Reuters. Global markets will continue to rebalance this year, according to the International Energy Agency. Energy Aspects Chief Oil Market Analyst Amrita Sen discusses oil with Bloomberg's Manus Cranny on "Countdown."
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