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NEW YORK, 29 November (Reuters) – Oil prices have
ends Thursday in sharp rise on the New York Nymex market
on signals indicating Russia's willingness to reduce its
production.
January contract on light crude oil (West Texas
Intermediate, WTI) earned $ 1.16, or 2.31%,
$ 51.45 per barrel.
Brent of the same luck took 75 cents (1.28%)
$ 59.51.
Russia is increasingly convinced of the need to
to reduce oil production jointly with OPEC but
is still in talks with Saudi Arabia on the
timing and volume of such a reduction, indicated two
Reuters industrial sources.
Russian Energy Minister reunited on Tuesday with leaders
oil groups in the country, before a meeting
Ministry between OPEC and its allies Vienna 6 and 7
December.
(Patrick Vignal for the French service)
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