Oil prices tumbled as much as 5 percent yesterday, pushing US crude to five-year lows near US$60 a barrel after data showed a spike in US inventories and Saudi Arabia’s oil minister reiterated that he has no plans to cut output.
Oil prices tumbled as much as 5 percent yesterday, pushing US crude to five-year lows near US$60 a barrel after data showed a spike in US inventories and Saudi Arabia’s oil minister reiterated that he has no plans to cut output.