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Wednesday, 30 November 2016

Brent crude leaps to $49 as Opec meetings begin

Brent crude leaps to $49 as Opec meetings begin:
"Oil prices rose sharply on Wednesday as Opec gathered in Vienna to try and clinch the first supply deal since crude prices plummeted two years ago.

Ministers from the 14-member cartel held pre-meeting talks at the Park Hyatt hotel this morning a final attempt to bridge their differences.

Iran’s oil minister Bijan Zanganeh said he was “optimistic” when asked by reporters if there would be an agreement later today."

'via Blog this'