ahlam1399
02-24-2016, 01:54 AM
Oil drops 4 percent after Saudi oil minister rules out production cuts
NEW YORK (Reuters) - Oil prices fell 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts, restating the kingdom's rationale for maintaining output was that demand would absorb excess crude that has crushed prices over the past 20 months.
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NEW YORK (Reuters) - Oil prices fell 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts, restating the kingdom's rationale for maintaining output was that demand would absorb excess crude that has crushed prices over the past 20 months.
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