| Oil prices dipped slightly in Asia today but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April. The Organization of the Petroleum Exporting Countries secretary-general Abdalla El-Badri said in Vienna on Monday that about 15 or 16 nations will attend discussions on output caps in Doha on Apr 17, but didn't know whether Iran will join, Bloomberg News reported.
El-Badri also said he hopes that prices have "bottomed", adding that he expects crude to enjoy a moderate bounce rather than reach high levels, Bloomberg reported...............................................Full Article: Source
|