The Saudi oil minister, Khalid al-Falih, has worked hard over the past year to get the majority of the world's biggest producers to combat a global supply glut by honouring agreed-upon output cuts. Now, some are beginning to wonder what will happen with compliance when al-Falih finishes his one-year
Oil climbed above $US50 a barrel after Iraq's oil minister said some oil producers would be in favour of extending production cuts until the end of 2018. West Texas International crude, the US benchmark, was up by 0.7% at $US50.70 per barrel, while Brent crude oil, the international benchmark, was
Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets. Investors will be watching President Trump's UN speech and looking ahead to Wednesday's Fed meeting. Global markets are mixed this morning. Oil is holding 5-month highs.