Oil dives, U.S. crude below $50 for first time in two weeks

April 21, 2017 by  
Filed under News

NEW YORK (Reuters) – Oil prices tumbled more than 2 percent on Friday, on track for the biggest weekly drop in a month, on renewed concerns that increasing U.S. production and high inventories will thwart OPEC’s attempts to reduce the global crude glut.

Source: Reuters Business News

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