Oil rises on Russia’s output freeze commitment

21 October 2016, London — Oil edged higher on Friday as Russia reiterated its commitment to joining a producers’ output freeze to stem a two-year slide in prices but a strong dollar capped gains. Global benchmark Brent crude futures LCOc1 were 12 cents higher at $51.50 a barrel at 0847 GMT. U.S. West Texas Intermediate […] More »