Oil dives more than 3% after Russia rejects steeper OPEC+ cut

March 6, 2020 admin Business News Comments Off on Oil dives more than 3% after Russia rejects steeper OPEC+ cut

Oil prices slid more than 3% on Friday after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices in the face of a slump in oil demand because of the global coronavirus outbreak.

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Source:: Reuters – Business News