| Oil extended losses from the lowest level in more than 5 1/2 years as Venezuela and Iran called for members of the Organization of Petroleum Exporting Countries to work together to assist in a recovery of the crude market.
Futures slid as much as 1.5 percent in London after a seventh weekly drop. Prices need to return to $100 a barrel for economic equilibrium, Venezuelan President Nicolas Maduro said in comments broadcast on state television during a tour of OPEC producers in the Middle East...............................................Full Article: Source
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