Getting your player ready...
NEW YORK — Oil prices bounced off four-year lows to trade above $43 a barrel Monday as OPEC’s president suggested the group could surprise investors with a large production cut this month.
Chakib Khelil, president of the Organization of the Petroleum Exporting Countries, said Saturday the group could announce a “severe” reduction of output quotas at its next meeting Dec. 17 in Algeria.
