CNBC | Chances of OPEC freeze 'very high': Nigerian min. CNBC A potential freeze among OPEC members has made him bullish when it comes to oil prices in 2016. Kachikwu expects crude prices to take a major jump by the end of the year. "I am certainly hoping for prices in the range of 45 to 50," the minister said. Oil Heads for Biggest Weekly Gain Since 2011 Amid Producer Talks Oil prices spike on output meeting Oil industry must thwart 'misguided' divestment campaign, says Saudi minister |