Barnard: Oil Price Could Range Between $20 - $70 a Barrel
Oil traded near the highest closing price in almost 15 months as the world’s two largest crude producers, Saudi Arabia and Russia, said they’re ready to cooperate to limit output. Futures were little changed in New York after climbing 3.1 percent Monday. Russia is willing to join OPEC efforts to stabilize the market, requiring either a production freeze or cut, according to President Vladimir Putin. Saudi Energy Minister Khalid Al-Falih said other countries are ready to cooperate and he’s optimistic there will be a deal. Capital Generation Partners Head of Investments Ian Barnard discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."