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Oil dips further below $80: focus back on OPEC

Thursday, May 24, 2018 - 01:31

Oil fell on Thursday, driven lower by the prospect of the first increase in OPEC output since 2016 in the face of concern over supply from both Venezuela and Iran, while a surprise rise in U.S. crude inventories raised doubt over seasonal demand. Ciara Lee reports

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Oil fell on Thursday, driven lower by the prospect of the first increase in OPEC output since 2016 in the face of concern over supply from both Venezuela and Iran, while a surprise rise in U.S. crude inventories raised doubt over seasonal demand. Ciara Lee reports

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Oil dips further below $80: focus back on OPEC

Thursday, May 24, 2018 - 01:31