Oil Trades Above $60 on Signs of Saudi Confidence in Rebound

Brent futures rose as much as 0.6 percent, climbing for the second time in three days. Saudi Arabia’s assumption of oil at $80 a barrel next year is sending a message that the government expects a price rebound, according to John Sfakianakis, a former economic adviser to the kingdom’s finance ministry. Read entire story.

Source: Business News