Oil Prices Down; OPEC Maintains Output, Despite U.S. Shale Factor
May 31, 2013 at 10:12 AM EDT
AFP/Getty Images An oil drilling rig in North Dakota. OPEC ministers said Friday that oil markets are well supplied, but they are comfortable with $100-per-barrel oil prices and maintained their current production quota for members. OPEC supplies about 40% of the world’s oil, and it has been maintaining its output directive even as underlying production [...]
