Nordea: Doha deal will not change supply but increase price
The price of oil has gone up. This is due to a variety of factors including that several oil producing countries are resuming negotiations to freeze production. The meeting will not change the oversupply however, says Nordea's oil expert.
BY RITZAU FINANS
The price of oil has gone up since hitting rock bottom in February. This is attributable to reasons including the fact that several oil producing countries have agreed to meet and resume negotiations to freeze the production, which has given rise to an air of optimism in the market.
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