An up day! Brent climbed 2.5% to $49.30, as I write, on the back of this, from Businessweek:
Saudi Arabian Oil Minister Ali al-Naimi met with the ambassadors of Russia and Norway to discuss oil market “stability” as prices traded near a six-year low.
They “reviewed the importance of the international oil market stability, and the increase of joint investments in the sectors of oil and mining,” the official Saudi Press Agency reported.