Oil rises alongside equities, but downbeat OPEC outlook caps gains

Money Control | Aug 17, 2019 at 11:31 AM
  • Oil prices on August 16 rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.
  • Brent crude was ended the session up 41 cents, or 0.7%, at $58.64 a barrel, after falling 2.1% on Thursday and 3% the previous day.
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