Oil touches three-week highs ahead of OPEC meeting

Record ID: 77873

  • Title: Oil touches three-week highs ahead of OPEC meeting
  • Date: 21st November 2016
  • Summary: LONDON, ENGLAND, UK (NOVEMBER 21, 2016) (REUTERS) SOUNDBITE (English) SENIOR FX STRATEGIST, RABOBANK, JANE FOLEY, SAYING: "We have just had a recent announcement from the US's BIS suggesting that for the first time in 40 years the US could be able to export some oil. So again that changes the environment for OPEC and it does seem that they perhaps are pressured now in order to regain some control and put prices higher and Saudi no doubt are in a different frame of mind given the huge pressure on their budget that the lower price of oil has created in recent months."
  • Embargoed: 6th December 2016 13:06
  • Keywords: oil shale rigs commodities Shell BP opec Iraq Saudi Arabia
  • Location: LONDON, ENGLAND, UK / TEXAS, COLORADO AND PENNSYLVANIA, UNITED STATES + UNKNOWN LOCATIONS
  • City: LONDON, ENGLAND, UK / TEXAS, COLORADO AND PENNSYLVANIA, UNITED STATES + UNKNOWN LOCATIONS
  • Country: Various
  • Topics: Commodities Markets,Economic Events
  • Reuters ID: LVA00459E07M5
  • Aspect Ratio: 16:9
  • Story Text:
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2016. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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