Oil slumps 4 pct as no output deal expected for OPEC

Oil slumps 4 pct as no output deal expected for OPEC

Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production, Reuters reports. Also weighing on sentiment was data showing the United States was on track to add the most…

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