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US crude rises to 6-week high above $48 a barrel on talks of supply freeze - CNBC
Wall Street Journal | US crude rises to 6-week high above $48 a barrel on talks of supply freeze CNBC Many OPEC members have been hurt badly by a collapse in oil prices over the last two years. While some Gulf oil exporters have very low output costs, other producers such as Iran and Venezuela need oil prices above $100 to balance their budgets. Oil Treads in Bull Market Territory Oil over $50 at six-week high on talk of supply freeze Oil on Brink of Bull Market Amid Saudi Stabilization Talk: Chart |
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