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Media ID: 55356957
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An oil field owned by Bashneft in Russia. Officials from Russia, Saudi Arabia and other major oil-producing countries will meet this weekend in Doha, Qatar, to discuss maintaining oil production at current levels. Credit Sergei Karpukhin/Reuters

Oil Bounces on Speculation of Iran Conceding to OPEC Freeze Action

by Asharq Al-Awsat English | Aug 23, 2016 | Business

Reversing early losses, oil prices bounced back on Tuesday. Reuters had reported Iran sending positive signals that it may support joint OPEC action to prop up the market. Brent crude was up 30 cents, or 0.6 percent, at $49.46 a barrel. It had fallen 1.4 percent...

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Middle-east Arab News Opinion | Asharq Al-awsat

Oil Bounces on Speculation of Iran Conceding to OPEC Freeze Action

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