What's the Right Way to Play a Higher Oil Price?
Oil held gains near the highest settlement in almost 15 months as Russia and Saudi Arabia said they’re ready to cooperate to limit output. The International Energy Agency said the market may rebalance faster than expected if OPEC sticks to its new target. Oil has gained almost 15 percent since OPEC provisionally agreed last month tocut production for the first time in eight years. The group’s members will meet this week in Istanbul for talks on implementing the deal and Al-Falih said it’s not unthinkable prices will rise to $60 a barrel by the end of this year. Crossbridge Capital Head of Investments Manish Singh discusses with Guy Johnson in London and Caroline Hyde in Frankfurt on "Bloomberg Markets: European Open."
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