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Published on Sep 19, 2016
U.S.
stocks kicked off the trading week higher on Monday as oil prices
gained over 1%. Crude rallied amid hopes of a production freeze among
the world's biggest oil producers, something the president of Venezuela
hinted at, according to news reports. Though OPEC's Secretary General
said next week's OPEC meeting was an informal one and not meant for
making decisions. Either way, Josh Mahony, a market analyst with IG
Markets, based in London, doesn't see oil prices moving above $50 even
if a deal is reached.
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