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Oil prices are nearing their highest levels in more than two years on expectations of an oil cut extension. (File photo)

November 5th, 2017 - 06:00 GMT

Oil Prices Near Two-Year High on Hopes of a Cut Deal Extension

Oil prices are nearing their highest levels in more than two years.

Brent crude oil steadied around $70 a barrel on Thursday as investors searched for a stable price range after a near 40 per cent fall since June.

December 4th, 2014 - 11:44 GMT

Oil steadies at around $70 dollars, further fall still possible

Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC’s biggest producer have told Reuters.

October 13th, 2014 - 11:59 GMT

The $100 dollar days seem to be over: oil prices plummet to 4-year low and not even Saudi Arabia can do anything about it

Most forecasts of global GDP growth next year are between 3.5-4.0 percent, suggesting modest growth in oil consumption

September 21st, 2011 - 07:09 GMT

Oil downside risk rises as outlook for global economy, fuel demand dims

Al Bawaba

June 20th, 2011 - 08:27 GMT

Multiple factors lead oil prices to trade in wide gap