(Bloomberg) — Oil kept falling toward the lowest level since 2003 as prospects for a deal between OPEC and Texas to limit production appeared to fade, while a U.S. coronavirus rescue package ran into political delays.Futures in London fell more than 8% in early Asian trade after plunging 20% last week. Texas Railroad Commissioner Ryan Sitton landed a rare invitation to attend OPEC’s June meeting on Friday, but just hours later hopes for an agreement began to unravel as his call to curb output was criticized by fellow regulators and drillers.Meanwhile, Democrats in the U.S. Senate blocked a Republican economic …read more
Source:: Yahoo Finance
