Comment on Oil Price Plunge Casts Doubt On OPEC Supply Cut

Oil Price Plunge Casts Doubt On OPEC Supply Cut

Oil prices fell on Thursday ahead of a major meeting of OPEC members to decide on whether to cut production in the face of sharp price falls in the commodity over recent months. The latest falls are being attributed to growing doubts over the cartel's willingness to cut production after Saudi Arabia, OPEC's largest member, appeared to cool expectations on Wednesday.

 

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