Oil-Price Recovery in Doubt After Freeze Talks Fail: Chart

How Markets Are Reacting to Failed Doha Oil Deal

Brent crude, which sank to a 12-year low in January, climbed almost 40 percent in the past two months as Saudi Arabia, Russia and 14 other nations worked on a plan to cap production. The failure of that deal in Doha on Sunday prompted the biggest selloff in two months, with futures in London falling as much as 7 percent to $40.10 a barrel. Prices could now drop as low as $30 a barrel, Saxo Bank A/S estimates.

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