Reuters | Brent crude oil holds near $50 on signs of rebalance Reuters "The meeting removed a substantial concern and downside risk from the market as Saudi Arabia made it very clear that they have no intention of swamping the market with oil as a means of hurting Iran economically through a lower oil price," said Bjarne ... OPEC Holds Love-In, Declares Victory In War On American Oil Opec fails to reach agreement on oil production levels Saudi Arabia oil chief breathes life into Opec, for now |