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Commodities Briefing - Categorized | Market Moves, Oil more

Oil market confidence shaken as Opec talks collapse

Posted on 19 April 2016

Global oil prices slumped on Monday after rising tensions between the world’s largest crude producers derailed plans to tackle the market’s crippling oversupply by freezing oil production levels.
Brent crude tumbled from almost $45 a barrel late last week to under $41 on Monday after the third high-profile failure of the Organisation of Petroleum Exporting Countries (Opec) to agree on a deal to manage the global glut of oil………………………………………..Full Article: Source


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