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Oil prices storm back to recover 50pc in two months - Telegraph.co.uk
Telegraph.co.uk | Oil prices storm back to recover 50pc in two months Telegraph.co.uk Oil had collapsed to a 12-year low of $27.50 per barrel on January 20, when bearish sentiment gripped the world's over-supplied markets. But market dynamics have shifted after Saudi Arabia and Russia last month struck a tentative agreement to freeze ... Oil price crash has far-reaching consequences for business and politics Oil price slump inflicts £1.6trn hit on producers Russia outpaces Saudi Arabia reporting Jan oil production at 10.5 mln barrels per day |
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