FX:USOIL Crude Oil (WTI)
Failed to return to the market target $ 10 per barrel
28 December 2015, 14:18
FXStreet (Mumbai) - Russian Energy Minister Alexander Novak crossed wires via Reuters earlier on the day, and outrightly blamed Saudi Arabia for lower oil prices.
Novak said, "Saudi Arabia has this year increased production by 1.5 million barrels per day, thus effectively destabilizing the situation on the market."