Drops

Oil Drops as U.S. Drilling Growth Threatens to Counter OPEC Cuts

2017-03-21

Oil fell as a Libyan port is set to resume shipments and the U.S. drilling revival undermines the potential for OPEC output curbs to rebalance the market. Futures dropped 1.2 percent in New York. Saudi Arabian Energy Minister Khalid Al-Falih saidon March 16 that the kingdom may extend its cuts if su

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