Oil prices staged a strong rally on Thursday, moving up 3% for the sixth straight day of gains. Brent hit an eight week high on news that the world’s biggest producers are prepared to discuss a possible freeze in production levels. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, August 19, 2016 West Texas Intermediate (WTI) crude futures were up $1.43, or about 3.1% percent on Thursday to $48.22 a barrel. That price brings black gold back to highs last seen in early July. Both Brent and WTI have risen more than 20 percent off of their August lows. That resurgence in price has followed news that OPEC and other key exporters may discuss freezing output levels during the OPEC meeting in Algeria in September. Freezing production at current levels may not be enough to keep […]