News
18 April 2016

Oil prices dive after producers fail to agree output cap

Region:
Middle East & Africa

The price of oil has dropped sharply after a meeting of oil producers failed to agree a cap on output. Brent crude fell 7% at one point, but then recovered slightly to stand down $1.87, or 4.3%, at $41.23 a barrel. The meeting in Qatar was attended by most members of oil producers' group...

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