Reuters | Oil prices bounce as OPEC promises a cut is on the cards Reuters "Market belief that OPEC can reach a credible deal has collapsed and prices are now $8 a barrel off the post-Algiers highs," David Hufton, managing director of PVM Oil Associates, said in a note. He cited record OPEC production in October, infighting ... Oil Market: It Could Turn Bloody, Again Oil prices rebound, driven by latest US political developments Two oil watchers debate whether OPEC will either 'cheat' or 'stick the landing' on oil |