The Week UK | Oil price recovers $50 level on Venezuela unrest The Week UK International oil price benchmark Brent crude fell below $50 a barrel for the first time in three weeks yesterday following news that the likes of Iraq, Nigeria and Libya may opt out of an Opec agreement to cut production. Apparent dissent in the ranks ... Full Scale Oil Price Recovery Unlikely As 5000 DUC's May Come Online Oil Trades Near 3-Week Low as OPEC Deal Faces 'Stumbling Blocks' Saudi Arabia, Gulf OPEC ready to cut oil output by 4 percent - sources |