Oil edges up on supply cut talk

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© Reuters.  Oil edges up on supply cut talk© Reuters. Oil edges up on supply cut talk

  • Amid worries that energy demand would be hit hard by Hurricane Irma and its aftermath, crude prices are trading higher on Saudi oil talk.
  • The world’s largest producer said it discussed the possibility of extending the supply cut between OPEC and non-OPEC members with Venezuela and Kazakhstan. The current pact is due to expire in March 2018.
  • Crude futures +0.8% to $47.87/bbl.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, OILK, WTIU, OILX, WTID, USOI
  • Now read: Energy Recap: Kelp Is On The Way… Maybe

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