| Oil surged for a third day on signs OPEC members have made progress toward finalizing a deal to cut output. January futures rose as much as 1.5 percent in New York after the December contract expired 3.9 percent higher Monday.
Talks on assigning quotas to individual countries went well, Libyan OPEC Governor Mohamed Oun said after preliminary meetings at the group’s headquarters in Vienna. Goldman Sachs Group Inc. said it’s now “tactically bullish” on the likelihood of an agreement............................................Full Article: Source
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