Crude Oil Falls as OPEC Seen Favoring Market Share Over Prices
Credit Suisse to Expand Equities Sales in Saudi Arabia
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Oil fell for the first time in three days as OPEC is seen sticking with its strategy of favoring market share over prices at a meeting this week.
The Organization of Petroleum Exporting Countries will probably maintain its collective quota at 30 million barrels when ministers gather June 5 in Vienna, a Bloomberg survey showed. Saudi Arabia pumped 10.25 million barrels a day last month, unchanged from April and matching the highest level in data compiled by Bloomberg since 1989. Oil extended losses as the dollar advanced against the euro.