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    market news

    Oil Prices Gain on Talks of Output Freeze

    Teresa Matich
    Mar. 16, 2016 12:37PM PST
    Oil and Gas Investing

    CBC News reported that OPEC member states will meet next month in Doha to discuss a potential freeze on oil output.

    CBC News reported that OPEC member states will meet next month in Doha to discuss a potential freeze on oil output.
    As quoted in the publication:

    Oil prices reversed their downward trend of the last two days on the news and were up about three per cent in morning trading.
    West Texas Intermediate, the benchmark North American contract, rose $1.10 US to $37.45 US a barrel. Brent crude, the main international contract, was up $11.11 at $39.45.

    Click here for the full article.

     

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