| There’s growing expectation OPEC may cut production when it meets in two weeks. Such a move would put a stop to oil’s months-long free fall. Oil futures posted fresh multi-year lows Thursday as the latest comments from Saudi Arabia fostered, the world’s No. 1 oil exporter and a leading OPEC member, fostered more confusion that offered clarity.
Markets have turned to OPEC, which meets Nov. 27 in Vienna, for any indications that the powerful cartel will announce plans to cut output and boost crude prices. So far, there’s no clear direction, especially since members of the oil club maintained varying interests..........................................Full Article: Source
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