Oil slides as U.S. crude and gasoline stocks surge - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Thursday, 13 October 2022

Oil slides as U.S. crude and gasoline stocks surge

Meanwhile, Saudi Arabia and the United States continued to clash over a decision by the Organization of Petroleum Exporting Countries and allies, known as OPEC+, last week to cut its oil production target. Saudi Arabia, OPEC's de facto leader, rejected criticisms by Washington as "not based on facts" and that the U.S. request to delay the cut by a month would have had negative economic consequences.

from Commodities-Markets-Economic Times
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