Saudi Energy Minister Khalid al-Falih said the deal would most likely be extended by nine months and no deeper reductions were needed.
CALGARY: Oil bulls are charging into the new year with unprecedented vigour, and the credit goes to the Organisation of the Petroleum Exporting Countries (Opec).
The signs that the group is winning its tug of war with shale are compelling, and money managers have taken note: Their combined bets on rising prices for West Texas Intermediate and Brent crude reached record levels in December.
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