How Likely Is it Oil Will Rise over Coming Months?

Oil held near $49 a barrel as OPEC ministers prepare to convene in Vienna amid speculation Saudi Arabia is considering a deal to mend divisions within the group. Futures were little changed in New York after falling 1.1 percent the previous four sessions. Saudi Arabia is discussing ideas including restoring a production target scrapped in December, though no formal proposal has been made, according to delegates familiar with the situation. Standard Chartered Chief European Economist discusses with Bloomberg's Anna Edwards in London and Manus cranny in Dubai on "Countdown."

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02:49 - Bloomberg Television takes you behind the scenes of our award-winning magazine "Bloomberg Businessweek." Hosts Carol Massar and Julia Chatterley talk with the writers who break news on a weekly basis and get a lighter touch from the editor who oversees the Etc. section. (Source: Bloomberg)
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