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The front-month WTI crude oil contract has jumped over +2% in Asia Tuesday, catching up with Brent crude oil's rally after the Labor Day holiday. The front-month Brent crude oil contract rose +1.71% on Monday and has been up around +0.4% so far today. Optimism in the oil market is boosted by the pledge, jointly announced by Russia and Saudi Arabia, to stabilize oil prices through production freeze.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-oil-prices-soar-on-renewed-hopes-of-qfreezeq-deal-2016090633525/
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