5 Oil Stocks Near Buys As Saudis Eye Massive Price Spike Ahead Of Meeting

Oil rose Thursday as Saudi Arabia reportedly eyes a price of as much as $100 a barrel ahead of a key OPEC-Russia meeting Friday.


The kingdom, the de facto leader of OPEC, would be happy with Brent oil at $80-$100 per barrel to help boost the valuation of its state-run oil company, Saudi Aramco, before a minority stake goes public, sources told Reuters Wednesday.

Extending OPEC's current deal with Russia and other top non-OPEC members to cut production by 1.8 million barrels of oil per day...

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