Off the wire
• Tusk says migrant crisis can only be resolved by joint EU effort  • Roundup: Uganda's presidential campaigns close ahead of Thursday polls  • Austrian border restrictions to signal end of welcoming culture: leaders  • Ukrainian government survives non-confidence vote  • Urgent: U.S. dollar soars after holiday weekend  • Backgrounder: Former UN chief Boutros Boutros-Ghali dies 94 in Egypt  • 1st LD Writethru: Gold falls as U.S. equities rebound  • Roundup: UN relief chief stresses need to end "human catastrophe" in Yemen  • European countries must stop forced evictions of Roma: CoE  • Roundup: 21 arrested in northern Italy for corruption in health system  
You are here: 　 Home

Urgent: Oil prices drop amid disappointing output freeze

Xinhua, February 17, 2016 Adjust font size:

Oil prices lost Tuesday as top producers Russia and Saudi Arabia disappointed the market by agreeing only to freeze output.

The West Texas Intermediate for March delivery moved down 40 cents to settle at 29.04 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 1.21 dollars to close at 32.18 dollars a barrel on the London ICE Futures Exchange. Endit