Oil prices spiked this week on the renewed push by OPEC to overcome differences on a production cut. WTI and Brent rose back above the mid-$40s per barrel, up from lows seen earlier in the week. The bullish move came from news that OPEC is trying hard to actually seal a deal. Saudi Arabia’s energy minister Khalid al-Falih said that OPEC was targeting the lower end of its proposed range of 32.5 to 33.0 million barrels per day. That sparked a rally in oil prices. “I’m still optimistic that the consensus reached in Algeria for capping production will translate, God willing, into caps on states’ levels and fair and balanced cuts among countries,” Al-Falih said . Oil prices moved down […]