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Saudi Arabias move to dispel doubts over Russia’s readiness to extend output curbs sent WTI and Brent crude oil benchmark prices up 2.32% and 2.10%, respectively.

Recently Saudi Arabia’s Energy Minister Khalid AL-Falih said that OPEC will announce the extension of production when the group meets on November 30. OPEC and non-OPEC countries including Russia made a deal in to cut crude oil production by 1.8 million barrels per day from January 2017 through March 2018.

Russia said it is hesitant to announce plans

for production cuts this e...

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