Facing Glut, Price of Oil Falls Sharply
The drop comes as demand for petroleum is declining worldwide, and the market is flooded with oil, including increased production in the United States. [Source]
Publication Date:Origin: nytimes.com
Category: Organization of the Petroleum Exporting Countries
Topics: States, United, production, increased, including, flooded, market, worldwide, declining, petroleum, demand, comes, Sharply, Falls, Price, Facing