Oil tops $55 for first time in 16 months as OPEC deal fuels buying

05 December 2016, London — Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week. Monday’s gains take the rally since the agreement was struck on Wednesday to […] More »