28Jan2016 Market Update: Rumors Move Crude Prices Higher, Then Fall As US Markets Trade In The Green Sideways

(Before It's News)

Written by Gary

US markets solidly in the green at this hour. The markets have moved up and down the unchanged line all morning and early afternoon in what is going to be session of sideways trading as the volume falls to anemic levels. Rumors from the Russian’s energy minister said Saudi Arabia had proposed that oil-producing countries trim output and moved crude prices about 3 percent higher in earlier trading.

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