little-progress
Oil slumps 4 percent as no output deal expected for OPEC
September 23, 2016 by admin · Leave a Comment
Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production. U.S. West Texas Intermediate (WTI) crude futures fell $1.84, or 4 percent, to settle at $44.48. Crude futures slumped after sources said Saudi Arabia did not expect a
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Oil slumps 4 percent as no output deal expected for OPEC