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Oil up as Russia mulls talks with Opec and rig count drops

Russia has been unwilling to cut output to support prices; its oil output hit high in Sept

Published Mon, Oct 5, 2015 · 09:50 PM
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London

OIL rose on Monday after Russia said it was ready to meet other producers to discuss the market, where prices have more than halved from last year's highs due to a supply glut.

A report showing a fifth weekly fall in the number of oil rigs drilling in the United States also underpinned prices.

KEYWORDS IN THIS ARTICLE

Opec

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