While you were sleeping: Oil, Wall St slide

Tue, 14 Mar 2017

By Margreet Dietz March 15 (BusinessDesk) - Oil prices dropped, with US crude approaching US$47 a barrel, as Saudi Arabia pared some of its production cuts. Saudi Arabia told OPEC it increased production in February, putting it above 10 million barrels a day but still below a production limit agreed upon between producers in an effort to stem the global glut. Saudi Arabia increased production to 10.01 million barrels a day in February, up from 9.75 million barrels a day in the previous month, but below the 10.47 million barrels a day...

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