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Commodities Briefing - Categorized | Oil, Price Watch more

Crude nears $50 as hopes of Opec deal grow

Posted on 24 November 2016

Growing speculation that the Opec nations and Russia will agree output cuts at a meeting next week sent the price of Brent crude surging to its highest level in three weeks.
Prices were boosted by comments from a Nigerian official attending an Opec technical meeting, which is trying to hammer out details of a deal, that it was likely all countries would be “on board” by the end of yesterday…………………………………Full Article: Source


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