Brent up 3% at one-year high as Putin says Russia to join OPEC deal |
Putin said in Istanbul that Russia would support an OPEC deal to address global supply glut. Earlier Monday, Saudi Energy Minister Khalid al-Falih expressed optimism OPEC would agree details of accord in Vienna next month. OPEC agreed to cut supply by about 0.7-2.2.% to 32.5-33 mn b/d at an informal meeting in Algiers last month. |