Saudis block OPEC output cut, sending oil price plunging – Reuters


Reuters
Saudis block OPEC output cut, sending oil price plunging
Reuters
Brent oil fell more than $6 to $71.25 a barrel after OPEC ministers meeting in Vienna left the group’s output ceiling unchanged despite huge global oversupply, marking a major shift away from its long-standing policy of defending prices. This outcome
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