Oil slips most in 3 weeks as OPEC cuts face rising U.S. output

by | February 14, 2017 10:10 am

Oil declined in New York as OPEC’s supply cuts are tempered by a revival of shale drilling in the U.S. Futures slid 1.7 percent in New York, the biggest drop in more than three weeks. Saudi Arabia told OPEC it cut oil production by the most in eight years, while Kuwaiti Oil Minister Essam Al-Marzooq said…

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