PODCAST: US crude futures slide as OPEC postpones decision to cut production

Source: ICIS News

2018/12/06

HOUSTON (ICIS)--News reporter David Haydon speaks with editors Ignacio Sotolongo and Steven McGinn on US crude oil and fuel markets.

Crude oil was down after volatile trading following OPEC and allied producers, mainly Russia, postponed a decision until Friday to cut production in an attempt to rebalance global oil supplies.

US crude oil and petroleum products exceeded imports for the first time in nearly 75 years, according to the latest Energy Information Administration (EIA) data.

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