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Oil rises near $50; doubts on OPEC plan limit gains

Oil prices jumped more than 1 percent on Thursday, with Brent nearing $50 a barrel on optimism over OPEC's first planned output cut in eight years, although gains were limited as some analysts doubted the reduction would be enough to make a substantial dent in the global crude glut. The...

Palestinian president to attend ex-Israeli PM’s funeral

Palestinian President Mahmoud Abbas will attend the funeral of former Israeli Prime Minister Shimon Peres on Friday, according to a Palestinian official. "President Abbas will attend the funeral, along with a number of Palestinian officials," Mohamed al-Madani, a Palestine Liberation...