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Oil prices score back-to-back session gains

Clyde Edgerton by Clyde Edgerton
November 20, 2023
in Markets
Oil prices score back-to-back session gains
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Oil futures on Monday scored a second straight session gain. Expectations for the upcoming Sunday meeting of the Organization of the Petroleum Exporting Countries and their allies are likely to “figure heavily into the evolution of trading this week,” said Robbie Fraser, manager, Global Research & Analytics, at Schneider Electric. Amid recent bearishness, “several sources have suggested that OPEC+ members are considering deeper cuts beyond existing cuts and voluntary commitments made by Saudi Arabia and Russia,” he said. December West Texas Intermediate crude CLZ23 rose $1.71, or nearly 2.3%, to settle at $77.60 a barrel…

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