The oil price has climbed to its highest price level since August as investors get their hopes up that oil cartel Opec can agree on a production ceiling.

The group is meeting next month in Vienna after signalling at a summit last week in Algeria that they could reach their first output agreement in eight years.

Brent crude climbed above $50 per barrel, hitting $50.90. West Texas Intermediate (WTI) rose to $48.87 a barrel.

http://www.cityam.com/250570/oil-rises-above-50-per-barrel-marker-buoyed-opec-optimism?utm_source=dlvr.it&utm_medium=twitter

Let's hope the upward trend continues :)