Oil prices climbed Monday as fresh hopes that OPEC members might consider freezing production provided support to the market, despite a continuing glut of crude supply. The Organization of the Petroleum Exporting Countries said Monday that it would hold informal talks at an energy conference in September, renewing beliefs among analysts that the cartel’s members may revisit production freezes this fall. Such a deal could be...

Source: Wall Street Journal August 08, 2016 10:07 UTC