Oil extends upward trend as Opec+ set for emergency meeting

Oil extended strong gains on Friday as Opec and non-member allies prepared for an emergency meeting that could result in coordinated production cuts of 10 million barrels a day to mop up a swelling global glut.

Closing the gap? Russian President Vladimir Putin (left) and US counterpart Donald Trump at an earlier meeting last year
Closing the gap? Russian President Vladimir Putin (left) and US counterpart Donald Trump at an earlier meeting last yearPhoto: REUTERS/SCANPIX
Published 3 April 2020, 14:15Updated 3 April 2020, 14:17