Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Oil rises after OPEC warn members to stick to quotas Oil prices rose for a fourth day in a row on Friday, putting crude on track for a weekly gain of about 10 per cent, after Saudi Arabia pressed allies to stick to production quotas and banks, including Goldman Sachs, predicted a supply deficit. Brent crude was up 18 cents at $43.48 a barrel by 0756 GMT while U.S. oil futures rose 17 cents to $41.14. Both contracts are set for their strongest weekly gains since early June after Hurricane Sally cut U.S. production while OPEC and its allies laid…

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