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Oil Down, But Kuwait Strike Offsets Failed Output Freeze

stander
stander
in Oil, Gas and Energy News

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NEW YORK, April 18 (Reuters) - Oil prices slid on Monday after a plan by major oil producers to freeze production was scuttled, but a Kuwaiti oil industry strike helped the market pare losses and settle off the day's lows.


The strike crippled more than 60 percent of Kuwait's crude output, lending support to price benchmarks such as Brent and Dubai.


http://www.downstreamtoday.com/news/article.aspx?a_id=51809


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