Iran’s OilMin: Russia changed view, ready to cut oil output - BBG

Speaking to Bloomberg reporters, Iranian oil minister Bijan Zanganeh, noted that Russia has changed its mind, and that now its ready to cut oil output.

It’s a big news, and Oil prices have regained poise and are now rallying over 6%, with Brent having surpassed $ 50 mark.

Nov 30, 2016

WTI retraces the bull run to $47.80 ahead of OPEC

Crude oil prices are now deflating from the earlier bull run to daily highs, prompting the barrel of West Texas Intermediate to slip back to the $47.0

Eurozone inflation slowly grinds higher - ING

Peter Vanden Houte, Chief Economist at ING, notes that the Eurozone headline inflation rose to 0.6% in November, while core inflation stabilized at 0.