Daily Archives: October 5, 2017

Oil steady as talk of new OPEC deal balances US exports

Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. “Oil news is contradictory,” said Carsten Fritsch, analyst at Commerzbank in Frankfurt. “OPEC and Russia are talking about extending production limits, but

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