Commodities News

Pre-OPEC Producer Meeting Fails to Deliver Crude Output Cuts

Nations supplying a third of the world’s crude oil failed to pledge output cuts after meeting in Vienna. Russia can withstand prices even lower than they are now, the country’s biggest producer said.

WTI Trades Near 4-Year Low as Pre-OPEC Talks Fail on Supply Cuts

West Texas Intermediate traded near the lowest price in more than four years as nations supplying a third of the world’s oil failed to pledge output cuts before OPEC meets tomorrow. Brent was steady in London.

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