The Week UK | Oil price steadies after Putin calls for production cap The Week UK Oil prices stabilised this morning after the intervention of Russian President Vladimir Putin who has helped alleviate what had been a grim picture for the week ahead. In London, Brent crude rose 0.7 per cent to $45.76 this morning, while in the US ... Venezuela Is Drowning In Its Own Oil Expect bearish trend ahead for oil, says Morgan Stanley's Longson Saudi oil production rises to record level in July |