NYMEX crude tops $50/b as spotlight returns to OPEC

摘要

The oil complex strengthened Thursday as OPEC members and Russia prepare to gather next week in Istanbul, creating positive momentum behind OPEC's recent preliminary agreement to limit production. NYMEX November crude settled 61 cents higher at $50.44/b, marking the first time the front-month contract has settled above $50/b since June 23. ICE December Brent settled up 65 cents at $52.51/b.