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Added on the 11/12/2015 14:55:56 - Copyright : Reuters EN
Wall Street took a step back from recent gain as energy stocks dragged down the markets. Bobbi Rebell reports.
A year on from the start of one of the biggest oil price crashes in history, the driving force behind the slide remains intact: there is still too much crude. Hayley Platt looks at the impact.
Midland (Texas), Apr 6 (EFE).- Gas prices across the US are extremely low causing oil prices to drop dramatically in part due to the COVID-19 coronavirus. (Camera: LARRY SMITH).FOOTAGE SHOWS AN OIL PUMP IN AN OIL FIELD NEAR MIDLAND, TEXAS, USA.
Huge overhang from the past two years could be dampening oil price recovery, according to the International Energy Agency. Fred Katayama reports.
Major oil exporters meet in Doha this weekend to discuss a possible production freeze. But even if a deal is struck, analysts offer little hope it will reduce a glut that's pushed crude prices down by 70 per cent since 2014. Kirsty Basset reports.