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[size=37]Oil prices jump 6%[/size]
BAGHDAD - The Journal News
Oil prices jumped six percent of US crude snatch the largest daily percentage gain in seven months due to renewed expectations that OPEC agree later this month to reduce the global supply glut.
The visiting Secretary General of the Organization of Petroleum Exporting Mohammed Barkindo Member States, such as Iran and Venezuela in the next few days to discuss the agreement before the WTO meeting in Vienna on November 30.
The Organization of the Petroleum Exporting Countries reached a preliminary agreement in September, but differences remain two weeks following the meeting between OPEC members and Russia is a member of the Organization on the exact details of the agreement before.
Sources said it is expected to head the Saudi energy minister Khaled al-Faleh to the Qatari capital Doha this week for meetings with oil-producing countries on the sidelines of an energy forum.
The traders and analysts said that the last moments of OPEC's efforts sparked a wave of coverage of the centers of the city, which helped to strengthen prices.
US crude closed up $ 2.49 at $ 45.81 a barrel, up 5.8 percent, the biggest daily percentage gain since early April.
And determine the settlement price of the futures contract for Brent at $ 46.95 a barrel, up US $ 2.52, equivalent to 5.7 percent, the biggest percentage gain since Sept. 28.
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