Oil pares losses on eve of Opec Vienna talks

Oil traded near $49 a barrel in New York, yesterday, as Opec ministers arrived in Vienna for talks after prices rebounded from 12-year lows.

Oil pares losses on eve of Opec Vienna talks
Thu, 02 Jun, 2016 - 01:00

West Texas Intermediate fluctuated after rising 6.9% in May as supply was curbed by fires in Canada and militant attacks in Nigeria.

Crude pared losses amid conciliatory noises from Saudi Arabia, including the possibility of a reintroduction of an overall production target for the Opec members.

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CourtsoilopecviennapriceFinanceBusinessEconomyPlace: New YorkPlace: ViennaPlace: West TexasPlace: CanadaPlace: NigeriaPlace: Saudi ArabiaPlace: LondonPlace: DohaPlace: SaudiPlace: ChicagoPerson: MinisterPerson: Khalid Al-FalihPerson: Phil FlynnOrganisation: Opec ViennaOrganisation: OPECOrganisation: Price Futures Group
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