Reuters reported that oil prices continued to fall after Monday's sell off, driven down by concerns about lack of economic growth in the United States and the news that OPEC producers favor an oil price of $100 per barrel.
Business Insider reports that shares in oil producer led gains today on the Asian markets.
International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.
Get our independent commentary on energy trends and companies delivered to your inbox.
