| Traders can’t shake off a sense of déjà vu following an oil futures rally Monday that appeared to be inspired by major producing countries’ plans to discuss ways to stabilize the market. The Organization of the Petroleum Exporting Countries on Monday said members will hold an “informal meeting” on the sidelines of the 15th International Energy Forum in Algeria on Sept. 26 to Sept. 28.
But this isn’t the first time OPEC has promised to talk about restoring stability and order to the oil market. After all, major oil producers failed to reach a pact to freeze production levels at a meeting in Doha, Qatar earlier this year...............................................Full Article: Source
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