Crude prices rebounded on Monday after Algeria’s energy minister said the day before that all options were possible for an oil output cut or freeze at this week’s informal meeting of OPEC producers.
That came after prices tumbled 4 percent on Friday amid signs Saudi Arabia and Iran were making little progress in achieving preliminary agreement to freeze production.
Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum in Algeria from Sept. 26-28, where they will discuss a possible output-limiting deal.
