07 May 2017, New York — Oil prices closed 1.5 percent higher on Friday, rebounding from five-month lows, following positive U.S. jobs data and assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts to reduce a persistent glut. The market, however, remained in a technically oversold territory with futures […] More »
Oil rebounds on Saudi assurances Russia will extend supply cuts
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