There has been constant lowering in Oil values on Monday. With announcement of Chinese data the market has depleted further as the world’s biggest consumer has been reporting downfall in economy past few months. But market was revived on Friday as renewed talks between OPEC may agree to cut production in order to reduce the glut. The mood inside OPEC is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Nigeria's oil minister said, adding he will have talks with his Saudi and Qatari counterparts.
