US crude settles down 1.7% at $50.93 as output cut skepticism breaks 4-day win streak - CNBC

CNBC

US crude settles down 1.7% at $50.93 as output cut skepticism breaks 4-day win streak CNBC Oil prices slipped on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for more than two years might last well into 2017. and more »

source http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNHbp5q3KcCDTLX61mq9lOGlOcH6_Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779293902996&ei=o8tHWJi5FMa03gGWj6WYCw&url=http://www.cnbc.com/2016/12/05/oil-dips-as-opec-joins-russia-in-upping-output-ahead-of-production-cut.html