Nigeria: Oil Prices Rise By Almost Six Percent As Producers Agree to Cooperate

By Ejiofor Alike with Agency Reports

Oil prices jumped by almost six per cent on Thursday thus erasing losses of the past two days, after major producers firmed up plans to meet in Qatar to discuss an output freeze.

United States crude settled up $2.12, or 5.8 per cent, at $38.46 a barrel, after falling by five per cent in the past two sessions.

Brent crude finished up $1.59, at $40.33 a barrel, after falling below $40 in previous sessions...................Read more>>