Oil prices jump 3 percent on hopes of OPEC output cut - News Summed Up

Oil prices jump 3 percent on hopes of OPEC output cut


North Sea Brent crude oil was up $1.30 a barrel at $45.73 after hitting a three-month low on Monday. North Sea Brent crude oil was up $1.30 a barrel at $45.73 by 1350 GMT after hitting a three-month low of $43.57 on Monday. It reached a three-month low of $42.20 on Monday. But rising Libyan oil production could cap gains. Libya’s oil production has almost doubled to around 600,000 barrels per day in recent weeks.


Source: Libya Today November 15, 2016 15:52 UTC



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