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Wednesday, October 7, 2015

Crude Oil News Update for Today

Crude Oil News Update for Today

CURDE OIL: Oil Prices Skyrocket On News OPEC May Consider Production Cuts Russia, currently the world's biggest oil producer, in the past has refused to cooperate with rival Saudi Arabia the top producer in the oil cartel OPEC, despite a collapse in oil prices that has crushed Russia's economy and government revenues in the last year. But Novak said for the first time this weekend that Russia is ready to meet with the cartel in a remark that helped drive up oil prices October 5.

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