Oil falls below $40, fresh seven year low after OPEC fails to cut supply
Oil dropped to the lowest level in almost seven years following OPEC’s decision to abandon the group’s production limits.
Oil dropped to the lowest level in almost seven years following OPEC’s decision to abandon the group’s production limits.
Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers.