Actionable news
All posts from Actionable news
Actionable news in LINE: Linn Energy, LLC,

Oil prices jump on expectation that producers will agree output freeze

Oil prices rose in early Asian trading on Wednesday, supported by rising expectations that exporters will agree on freezing their output amid global oversupply.

The Kuwaiti governor for the Organization of the Petroleum Exporting Countries (OPEC), Nawal Al-Fuzaia, said on Tuesday that there were "positive indications an agreement will be reached" during a producer meeting scheduled for April 17 in Qatar.

Front month U.S. West Texas Intermediate (WTI) crude futures were trading at $36.74 per barrel at 0030 GMT, up 2.3 percent, or 85 cents, from their last settlement.

International Brent futures were up 1.7 percent at $38.50...