Oil prices pushed higher on Thursday, sparked by reports of upbeat comments over a production deal from Saudi Energy Minister Khalid al-Falih. The minister said he was optimistic that the Organization of the Petroleum Exporting Countries will make good on a preliminary production-cut deal reached in Algeria in September, in an interview with Saudi-owned Al-Arabiya TV, according to reports from Reuters and Bloomberg. OPEC will meet in Vienna on Nov. 30. WTI crude rose 63 cents, or 1.4%, to $46.23 a barrel and January Brent crude shot up 81 cents, or 1.8%, to $47.46 a barrel. Oil prices fell late Wednesday and into Thursday’s session in Asia after U.S. supply data showed a sharp inventory jump.
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