According to Russian media agency TASS
Production cuts to production boost and now back to production cuts again? With oversupply being a real issue as we move into the next year, this only seems sensible.
Well, the news will continue to fuel the recovery in oil prices seen in the last hour at least. WTI now trades to a session high of $62.41 on the day after having sat at seven-month lows earlier in the session:
