Reuters | Is $50 Oil Still Realistic? OilPrice.com Oil prices have plunged back to levels not seen since OPEC announced its original production cut deal last November. Prices have been falling since the group extended their cuts for another nine months, a two-week slide that puts WTI back in the mid-$40s. Oil rises as Nigerian pipeline leak overshadows supply worries Saudi energy minister says no immediate need to adjust oil pact Oil Market Abandons Hope of Re-Balancing This Year |