OPEC agreed to extend the current cuts for nine months until March 2018 in what was a widely expected decision that
sent oil prices plunging as investors hoped for more.
What: Just when investors thought it was safe to go back into the waters of the oil market, building inventories of refined product and crude
sent oil prices plunging today and taking exploration and production stocks with them.
Not exact matches
Falling Chinese demand has
sent prices plunging for all manner of commodities — iron, copper,
oil.
Angola's crude exports fall to lowest since at least 2008 OPEC disruptions could
send prices above $ 80 a barrel: BofAML While
plunging output in Venezuela captures the
oil world's attention, Continue Reading
After all, it was only 18 months ago that a
plunge in
oil prices, coupled with fears over Chinese growth,
sent high yield
plunging and credit spreads soaring.