Market on path to rebalancing, Qatar energy minister says OPEC members will meet at Sept. industry conference in Algier Oil gained after OPEC’s president said the group will hold informal talks in Algiers next month and predicted the current bear market would be short lived. Futures gained as much as 1.6 percent in New York, reversing Friday’s 0.3 percent drop. Members of the Organization of Petroleum Exporting Countries are in “constant deliberations” on stabilizing the market and oil prices are expected to rise in the latter part of 2016, according to a statement on OPEC’s website attributed to Mohammed bin Saleh Al-Sada, Qatar’s energy and industry minister and the group’s current president. Start your day with what’s moving markets. Get our markets daily newsletter. Business Your guide to the most important business stories of the day, every day. You will now receive the Business newsletter Politics The latest political […]