Will Oil Price Upswing Endure?
(WorldNews Business)

Buoyed by the decision of member countries of the Organisation of Petroleum Exporting Countries and non-OPEC countries to apply limits on outputs from their fields, crude oil prices have risen to levels not seen since December 2014. But would the upswing endure for a long time? Chineme Okafor reports In the last three years, oil prices had not risen as high as have been seen this January. Supported by a mix of geopolitical factors, mostly from the Middle East, including indications of a tighter oil market, and healthy global economic growth that could see demands for oil growing further, prices have been relatively bullish since December. Apparently ignoring US production growth, which has...