Oil Prices Fall Below $40 As OPEC Ramps Up Output

Oil

New York : Global oil prices fell below $40 a barrel on Monday, after Reuters’ new survey tallying oil output from OPEC countries showed outputs for the 13-member bloc at record highs when compared to figures in recent history.The overall increase in global crude output has dragged oil prices down 20 percent since they broke above $50 in June.NewsS

SHARE