Nigeria intends to join OPEC oil cut deal

Nigeria plans to join the OPEC oil cut deal, Nigeria's Minister of State for Petroleum Emmanuel Ibe Kachikwu said. “OPEC members are trying to target a figure of close to $60 a barrel. We’re …

 Oil prices drop amid oversupply concern

Oil prices fell on Friday, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories. Brent crude was at $51.62 a barrel at 0652 GMT, down 28 cents (0.54%) from its last close. That …