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Oil price slides after Opec fails to agree production cuts – business live - The Guardian
The Guardian | Oil price slides after Opec fails to agree production cuts – business live The Guardian Today's fall in the oil price is bad for Opec's members, and other oil producers. But it's jolly good news for those who actually consume the stuff. Cheaper oil has effectively been a stimulus to Europe's economy, giving consumers more cash to spend ... Don't expect to see oil above $50 for a while As Oil Keeps Falling, Nobody Is Blinking OPEC decision to keep output high pulls oil prices close to 2015 lows |
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