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Today, the price of oil continued to drop over the announcement that Russia and Saudi Arabia had delayed their meeting over future oil production cuts. The meeting originally was scheduled to take place today but has now been moved to Thursday. OPEC+ is working on a deal to cut production by 10 million barrels per day, or 10% of the world’s supply.

Russia, Saudi Arabia Meeting Delayed; Oil Prices Fall

Today, the price of oil continued to drop over the announcement that Russia and Saudi Arabia had delayed their meeting over future oil production cuts. The meeting originally was scheduled to take place today but has now been moved to Thursday. OPEC+ is working on a deal to cut production by 10 million barrels per day, or 10% of the world’s supply.

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