Reuters | Oil loses nearly 4 percent as hopes over Saudi, Russia deal fade Reuters Oil prices have fallen by more than 70 percent in the past 20 months, driven down by near-record production both from the Organization of the Petroleum Exporting Countries and other producers, such as Russia. Tuesday's early rally ran out of steam as ... Oil prices jump again on hope of supply cut Saudi oil minister to meet Russian counterpart Saudi, Russian Oil Ministers Head to Qatar to Discuss Production |