You are here

Oil falls to US$60 level on Saudi plan to raise output

oilrig231214.jpg
Oil fell towards US$60 a barrel on Monday, reversing gains after Saudi Arabia indicated it could increase its output.

London

OIL fell towards US$60 a barrel on Monday, reversing gains after Saudi Arabia indicated it could increase its output.

The Saudis convinced their fellow Opec members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's oil

sentifi.com

Market voices on:

Powered by GET.comGetCom