Oil Prices Jump 2% Ahead Of Producers' Compliance Meeting

Bjarne Schieldrop, chief commodities analyst at SEB Markets, said Brent crude was starting to move into a trading range around $55 as the production cut deal placed a floor price of $50, while U.S. shale oil producers capped the upside at $60.

(Additional reporting by Karolin Schaps in London, Naveen Thukral in Singapore; Editing by Marguerita Choy and David Evans)

Copyright 2017 Thomson Reuters.


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