Oil Caps Biggest Weekly Decline Since January on OPEC Doubts

Updated on
  • WTI slips 11% last six sessions to lowest level since Algiers
  • Saudi former minister says OPEC can’t cut output by itself

Oil Caps Biggest Weekly Loss Since January

Oil capped the biggest weekly loss in almost 10 months as hopes faded that OPEC will be able to implement a promised deal to cut production and ease global oversupplies.

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