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Brent crude LCOc1 futures fell 52 cents to settle at $61.56 a barrel after earlier reaching a session high of $63.29 a barrel and a low of $60.80. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 36 cents to settle at $52.89 a barrel. The contract traded between $54.44 a barrel and $52.16 a barrel during the session. Russian Energy Minister Alexander Novak told reporters he had a “good” meeting with his Saudi counterpart, Khalid al-Falih, on Wednesday and they planned more talks letter q cufflinks uk online.

“All of us, including Russia, agreed there is a need for a reduction,” Oman’s Oil Minister Mohammed bin Hamad Al-Rumhy told reporters after a ministerial committee that groups Saudi Arabia, Russia and several other producers met on Wednesday. Russia’s No letter q cufflinks uk online. 2 oil producer Lukoil (LKOH.MM) is ready to cut oil production if OPEC and other leading producers agree to do so, though it would be technically difficult in winter, RIA news agency quoted the company’s head Vagit Alekperov as saying..

OPEC wants to avert a buildup in global oil inventories like the one that sent prices from late 2014 into a prolonged slump that brought Brent to below $30 a barrel at the start of 2016. U.S. President Donald Trump pressured OPEC not to reduce output. “Hopefully OPEC will be keeping oil flows as is, not restricted letter q cufflinks uk online. The World does not want to see, or need, higher oil prices!” Trump wrote on Twitter on Wednesday. “None of today’s comments should have come as a surprise since the key unknown remains the size of any such reduction and how the cuts are distributed,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a note..

“The Trump administration appears to be maintaining pressure on the Saudis to limit any production cuts in precluding significant price advances from current levels. And the fact that Russia still appears somewhat non-committal would appear to tilt odds in favor of about a 1.0-1.1 million barrels per day reduction.”. Saudi Arabian crude supply in November rose to 11.3 million barrels per day, a source familiar with the matter said letter q cufflinks uk online. That marks a rise from October’s 10.65 million bpd..

(Reuters) – Citigroup Inc (C.N) Chief Financial Officer John Gerspach said the bank expects market revenue in the current quarter to be slightly lower than last year. Gerspach, speaking at an investor conference in New York, said the fall was driven by a decline in fixed-income market revenue, while Citi’s equity business is doing well. “We had anticipated we would actually see year-over-year revenue growth in fixed income and equity markets,” he said. “But while we’ve maintained, I’d say, good engagement with the clients, we just haven’t seen that transition into transaction activity at the rate at which we had hoped.” letter q cufflinks uk online.