Reuters | Oil prices capped by doubts OPEC-led cut will end glut Reuters International Brent crude oil futures rose 11 cents to $49.23 a barrel at 0940 GMT (4:40 a.m. ET) after climbing to $49.42 a barrel earlier in Wednesday's session on optimism OPEC would agree to an output cut. Reuters commodities analyst Wang Tao said ... OPEC to debate oil output cut of 1.2 million barrels a day, but Iraq, Iran hesitate Oil prices pull back as investors await developments ahead of OPEC meeting Is OPEC Playing The Oil Markets Again? |