RIYADH: Oil prices rose nearly 3 percent on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session. Brent crude futures rose as much as $3.08, or 2.9 percent, to $105.85 a barrel in early trade after plunging 9.5 percent on Tuesday, the biggest daily drop since March. It was last up 92 cents, or 0.9 percent, at
The Secretary General of the OPEC oil cartel, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, the Nigerian National Petroleum Corporation said on Wednesday.
Iranian, Venezuelan oil could ease energy crisis: OPEC chief parstoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from parstoday.com Daily Mail and Mail on Sunday newspapers.