Oil prices held near two-month highs on Friday and were set for a third consecut...
LONDON - Oil prices held near two-month highs on Friday and were set for a third consecutive week of gains, boosted by expectations of an extension to OPEC+ production cuts although doubts over U.S. and China trade talks capped gains.
Prices touched their highest since late September on Thursday after Reuters reported that the Organization of the Petroleum Exporting Countries and Russia are likely to extend existing production cuts by another three months to mid-2020 when they meet on Dec. 5 and 6. China has invited top U.S. trade negotiators for a new round of face-to-face talks in Beijing as efforts continue to strike at least a limited deal, the Wall Street Journal reported on Thursday citing unidentified sources.
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