Oil price nears $50 on optimism over OPEC deal

30 November 016, Lagos – After falling to as low as $46.32 on Tuesday, global oil benchmark, Brent, jumped to $49.66 per barrel on Wednesday on growing optimism that the Organisation of Petroleum Exporting Countries would agree on a production-cut deal later in the day. Prices jumped after Iran’s Oil Minister, Bijan Zanganeh, said in […] More »