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Traders Test OPEC 'Whatever It Takes' Resolve to Defend Oil Price - New York Times
Financial Times | Traders Test OPEC 'Whatever It Takes' Resolve to Defend Oil Price New York Times SINGAPORE/LONDON — When OPEC leader Saudi Arabia pledged in May to do "whatever it takes" to defend world oil prices, it didn't expect the market to be testing its resolve just one month later. As the Organization of the Petroleum Exporting Countries ... Oil slides below $45 a barrel for first time this year Brent crude oil edges back above $45, but excess weighs Oil prices 'like a falling knife' as sentiment hits all time low, says analyst |
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