Oil rebounds to $73 on reports of Russia, Saudi discussing output cut


Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing whether to cut crude output next year.

Russia's TASS news agency, citing an unnamed source, reported that the two countries, the biggest producers in an OPEC-led alliance that has been limiting supply since 2017, had started bilateral talks on the issue. "I think this is a little bit of verbal intervention, trying to get some speculative length back into the market,".....

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