Home Page : Archive News : May 2017 News : Oil falls below $50, tanking about 4% as OPEC output cut extension disappoints the market | |
Oil falls below $50, tanking about 4% as OPEC output cut extension disappoints the market | |
May 26, 2017 OPEC extended its crude oil output cuts by nine months, but some investors expected the cartel to do more. Source: http://www.cnbc.com/2017/05/24/oil-prices-rise-in-anticipation-of-extended-opec-led-production-cut.html |