Crude oil prices opened the shortened trading week in rally mode as leaders from major oil-producing nations expressed support for a production proposal. Members of the Organization of Petroleum Exporting Countries are working to build consensus around an agreement to hold output at around 32.5 million barrels per day, the low end of a proposal offered from Algeria in September. Non-member states like Russia may play a role as production rates from OPEC area already above even the high end of what was proposed. Speaking from the sidelines of an economic summit in Peru, Russian President Vladimir Putin said his country was ready to do its part to make sure any agreement sticks. “We will do everything […]