Energy market update 26/08/16
Update (06/09/2016): A new agreement between OPEC Saudi Arabia and non-OPEC producer Russia caused the price of oil to jump yesterday. The two countries announced that they had agreed to discuss ways of stabilising the oil market, hinting that a “freeze” on output could happen in the future. The price of Brent crude jumped 5% initially before stabilising at 1.6% above its original level.
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