After OPEC deal, oil expected to rally – for the moment
By Devika Krishna Kumar and Jessica Resnick-Ault | NEW YORK NEW YORK Oil’s blistering rally of up to 10 percent to $50 a barrel on Wednesday should continue into next week, analysts and fund managers said, after the world’s top producers announced a historic deal to rein in output. The Organization of the Petroleum Exporting Countries reached its first deal to cut oil output since 2008 – […]