Tuesday 6 September 2016

Share Market Update : Oil bounces on Saudi-Russian pledge to steady prices .

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Singapore/London/UAE(Sept 6): Oil aroused by up to five for each penny on Monday as top worldwide makers Russia and Saudi Arabia pledged to balance out the business sector in the wake of meeting at the G20 in China. 

Saudi Energy Minister Khaled Al-Falih and his Russian partner Alexander Novak consented to "act together" to unfaltering the business sector, on the sidelines of the G20 summit in the eastern Chinese city of Hangzhou. 


In response, Brent North Sea unrefined jumped as high as US$49.40 per barrel, and US benchmark West Texas Intermediate (WTI) took off to US$46.53.

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