Finance
Oil Giants Russia and Saudi Arabia have agreed to put together a working group to analyze and propose measures to stabilize prices on the world oil markets.
the joint statement, which includes measures to limit oil production, made in connection with the ongoing G20 meeting in Hangzhou, China.
the relatively low world oil prices is partly due to the world’s major oil producers have not been able to agree to limit production. Instead, they have competed for pumping flat out and get a market share.
Oil Rises on Monday with just over a barrel or two percent.
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