Oil holds firm ahead of G20 summit and Opec+ meeting next week

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South Africa Headlines News

Vladimir Putin declines to say if the Opec and Opec+ supply cuts will be extended, but analysts think it likely

Seoul — Oil prices held near $67 a barrel on Friday ahead of talks over the trade dispute between the US and Chinese presidents over the weekend and on production cuts from oil cartel Opec on Monday.

The leaders of the G20 countries meet on Friday and Saturday in Osaka, Japan, but the most anticipated meeting is between US President Donald Trump and Chinese President Xi Jinping on Saturday. Trump said on Wednesday that a trade deal with Chinese President Xi was possible this weekend but he is prepared to impose US tariffs on most remaining Chinese imports should the two countries disagree.

 

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