Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving towards a common position on oil production that some investors think could support prices.
Saudi Foreign Minister Adel al-Jubeir said on Thursday that OPEC and non-OPEC oil producers were increasingly moving towards a common position.
Members of the Organization of the Petroleum Exporting Countries are due to meet in Algeria on the sidelines of the International Energy Forum (IEF) on Sept. 26-28, and are expected to seek to revive a global output freeze deal.
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