Tuesday, February 23, 2016

Oil drops 4 percent after Saudi oil minister rules out production cuts

NEW YORK (Reuters) - Oil prices fell 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts, restating the kingdom's rationale for maintaining output was that demand would absorb excess crude that has crushed prices over the past 20 months.


Read more

No comments:

Post a Comment