Oil climbs as Saudi, Russia in bid to extend output cuts

Oil prices resumed advance for a fifth straight session on Tuesday, underpinned by potential output cut extension by large crude producers, as Saudi Arabia and Russia have agreed on the need to extend oil output cuts for a further nine months until March 2018. 

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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