You are here: Home » Reuters » News
Business Standard

Oil rises before OPEC meeting, gains capped by oversupply concerns

Reuters  |  LONDON 

By Amanda CooperLONDON (Reuters) - Oil rose on Wednesday ahead of a meeting of the world's biggest exporters who will discuss cutting output to help shore up prices and curb excess supply.Organization of the Petroleum Exporting Countries, Russia and other producers meet in Vienna this week to discuss a potential cut in production, although it faces pressure from U.S. President Donald Trump not to reduce output."Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!" Trump wrote on Twitter on Wednesday.OPEC is keen to avert ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 05 2018. 20:48 IST
RECOMMENDED FOR YOU