Reuters | Oil down 3 pct as Saudi, Iran dash hopes for an Algiers deal Reuters Oil prices have slid to less than half their 2014 highs, pushing the Organization of the Petroleum Exporting Countries and other producers to seek a market rebalancing that would lift the oil revenues they rely on for their national budgets. The ... Crude Oil Price Forecast: Oil Drops on Signs of Failed Accord Iran rejects Saudi offer to cap oil output ahead of Opec meeting US oil settles at $44.67 a barrel, down $1.26, or 2.74% |