Oil Prices at One-Month High on OPEC Hopes

Oil prices advanced for a third consecutive day to reach a one-month high amid growing hope that the world’s largest producers may agree a deal to combat the stubborn glut of global supplies. The price of Brent crude climbed to $46.61, 10pc higher than at the start of the month but still well below the 2016 highs of $52.50 a barrel seen in June. Oil was buoyed by speculation that the Organisation of Petroleum Exporting Countries – responsible for nearly […]