Oil at 5-week high as OPEC sources, Russia, talk of cooperation

by | August 16, 2016 8:55 pm



Oil settled up nearly 2 percent on Tuesday, hitting five-week highs for a second straight day as sources at OPEC spoke of Saudi Arabia’s apparent desire for higher crude prices while Russia met the producer group to discuss the market. A weaker dollar also supported crude prices, as did the loss of more than 700,000…

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