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Oil prices back to square one

stander
stander
in Oil, Gas and Energy News

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NEW YORK, April 1 (UPI) -- Oil prices took one of their biggest hits of the year Friday as pressure from Riyadh's response to a production freeze was doubled by weak U.S. labor figures.

Mohammed bin Salman, the deputy crown prince of Saudi Arabia, poured water on a fire set by talks of a production freeze from Russia and members of the Organization of Petroleum Exporting Countries in an interview with Bloomberg News.

http://www.upi.com/Business_News/Energy-Industry/2016/04/01/Oil-prices-back-to-square-one/8041459517579/?nll=1

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