New York : Oil prices dropped on Friday as the Organisation of the Petroleum Exporting Countries (OPEC) ended a meeting without any agreement to reduce the production.
The cartel’s output makes up around 40 percent of the global crude production. OPEC maintained it output quota of 30 million barrels per day at June’s meeting. The ceiling was breached routinely by the group, Xinhua reported.read more...http://www.vishwagujarat.com/business/crude-prices-fall-as-opec-fails-to-cut-quota/
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