Oil falls below $50 a barrel as OPEC cut doubts put oil on pace for big weekly drop


Reuters, via CNBC/04-21-17

Oil prices fell more than 2 percent on Friday and were on course for their biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market.

…The chief executive of France’s Total warned this week that prices could fall further due to rising U.S. production.

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