Oil
futures erased early losses to end sharply higher Thursday, turning
north after news reports said Venezuela's oil minister announced his
country would meet with fellow oil producers next month in an effort to
stabilize prices.
West
Texas Intermediate crude futures on the New York Mercantile Exchange
finished with a gain of 92 cents, or 2.9%, at $33.07 a barrel. Venezuela
oil minister Eulogio Del Pino said Russia, Saudi Arabia and Qatar would
participate in the meeting, according to news reports.
Source: Marketwatch
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