Oil rises above $44 on OPEC cap

Oil rises above $44 on OPEC cap

Oil prices hovered above $44 a barrel as the market weighed the likelihood and potential effectiveness of Libya and Nigeria production capping. Investors’ skepticism over whether Libya and Nigeria will agree to limit supplies kept futures trading in a $1.19-range in New York. Kuwait’s Oil Minister IssamAlmarzooq said in Istanbul that the two African producers,Read More

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Source: Oil rises above $44 on OPEC cap

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