Opec Production Cut Fails to Inspire Oil Market; Oil Drops to Four-year Low | Financial News
Opec Production Cut Fails to Inspire Oil Market; Oil Drops to Four-year Low
By Jason Simpkins
Associate Editor
Money Morning
Oil prices fell again yesterday (Wednesday) – dropping below for the first time in four years – as weak demand and growing inventories overshadowed a record cut in production by the Organization of Petroleum Exporting Countries (OPEC).