Opec is also asking producers including Russia to lower output by as much as 600,000 barrels a day. Photo: ReutersNew York: Oil investors approached this week’s Opec meeting more optimistic about the chances of an output cut. Oil climbed on Monday as Iraq’s oil minister said he’s “optimistic” a deal to curb oil output will be reached at Wednesday’s talks in Vienna. Opec officials were said to remain divided at the end of a preliminary meeting Monday. Opec is also asking producers including Russia to lower output by as much as 600,000 barrels a day.

Source: Mint November 29, 2016 07:59 UTC