Oil prices drop after Saudi Arabia says it will not cut output alone

Oil prices dropped over a per centage point on Monday after Saudi Arabia said over the weekend that the market defined prices and the kingdom would not unilaterally cut its output to defend prices.



Since oil prices started to fall in June 2014, many analysts have expected OPEC’s biggest producer to eventually curb its output as it has done many times in the past to support prices.



Real Time News & Trading Trends Keep Liking#EpicResearch



Facebook – Twitter – YouTube – Pinterest –Linkedin– Google+



For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH

Posted in: Indian Market Tips