Oil touches three-week highs ahead of OPEC meeting

Record ID: 77874

  • 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: "There's more confidence again that the OPEC meeting at the end of this month will come through with some pacts to cut supply. Now of course there's been lots of talk about this in recent months. There's been lots of scepticism too because of course OPEC don't have a very good history when it comes to sticking to oil supply quotas. So the market is pretty sceptical of that, that said of course there does seem to be a different sensor of urgency now and part of that is because of the progress that of course shale oil has made for instance in the US."
  • 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: LVA00259E07M5
  • 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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