OPEC refuses to cut oil production in oversupplied market
Published: Monday, 21 December 2015
Oil prices to stay lower for longer leaving oilfield mineral prices subdued.
Crude oil futures slumped to their lowest point in nearly
seven years in December following a meeting held by the
Organization of the Petroleum Exporting Countries (OPEC), which
failed to address production rates in an oversupplied
Crude prices fell to $38.49 a barrel on the West Texas