MarketWatch | Oil futures drop over 2% as supply concerns build MarketWatch Russian Energy Minister Alexander Novak said that with prices around $50 a barrel, it wan't necessary for major oil producers to discuss freezing production levels, according to news reports. OPEC plans to hold an informal meeting on the sidelines of ... Oil down 2 percent; US stockpiles offset output freeze talk Oil Prices Slide as Oversupply Comes Back into Focus The Biggest Wildcard For Oil Prices Right Now |