Russia Sparks Hopes of Output Cut. BOJ Unexpectedly Adopts Negative Rate

Hopes of coordinated actions to restore oil prices lifted sentiment. Russia indicated that a meeting might be held with the OPEC next month to discuss about production cut. Russian energy minister Alexander Novak noted that a 5% cut was "precisely the subject for debate". Crude oil prices rose for a third consecutive day...

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/russia-sparks-hopes-of-output-cut-boj-unexpectedly-adopts-negative-rate-2016012932231/