US FOCUS

Oil volatility to continue its merry way

NATIONAL Australia Bank has left its oil forecasts unchanged in further evidence that the market does not believe Saudi Arabia's agreement with Russia, Qatar and Venezuela to freeze production will amount to any material impact on commodity prices.

Anthony Barich

Hopes rose for an oil output freeze after state news agency TASS reported yesterday Russia's energy minister Alexander Novak as saying countries producing 73% of the world's oil had agreed to the tentative...

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