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    Business Crude Oil Prices Bounce as Nigeria's Barkindo Promises Cut in Output

    Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to cut output, but prices remained more than $7 below last month's high due to persistent doubts over the feasibility of the group's plan. Brent crude LCOc1 traded at $46.20 per barrel at 1157 GMT, up...
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    Business Crude Oil Price Gears Towards $60 Per Barrel

    OPEC's proposed deal to cut production has "put a floor" under the oil price at around $50 a barrel, Reuters reports International benchmark Brent crude dropped to a little above $52 from nearly two per cent gain of $52.67 last night. West Texas Intermediate, hit a year-high of close to $52 at...
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