Oil futures rebound after Saudi Arabia says will work to stabilize prices - MarketWatch

Oil futures rebound after Saudi Arabia says will work to stabilize prices - MarketWatch: "Oil futures erased heavy losses to turn solidly higher Monday, after a news report said Saudi Arabia was willing to cooperate with fellow producers to stabilize prices. West Texas Intermediate crude for January delivery on Nymex CLF6, -0.84% rose 24 cents, or 0.6%, to $42.14 a barrel, while January Brent futures LCOF6, +0.11% rose 52 cents, or 1.2%, to $45.19 a barrel. Bloomberg reported that the Saudi Press Agency said the country would work with producers within and outside the Organization of the Petroleum Exporting Countries to stabilize the market. OPEC ministers are set to meet Dec. 4."



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