Oil rout deepens; price drops 4 pct to below $75 on high global supplies, unlikely OPEC cut
NEW YORK - The price of oil took another sharp tumble Thursday as it appeared increasingly unlikely that OPEC members will cut production to staunch a plunge in prices that is entering its fifth month.The lower oil prices are squeezing the revenue and profit of oil companies, but are still expected … [Read More...]
Latest Headlines
