Tuesday 1 September 2015

OIL SLUMP: OPEC BOWS TO PRESSURE FOR NEGOTIATION

Crude oilThe Organisation of Petroleum Exporting Countries has finally surrendered to market pressure, expressing its willingness to open talks with other crude producers following the persistent drop in oil prices.
 
Crude is currently trading near multi-year lows, and the oil cartel said it was ready to talk to other producers, according to an article in the OPEC Bulletin issued on Monday.
 

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