U.S., Russia overshadow oil market’s ‘collective sigh of relief’ for OPEC’s output-cut deal

México Noticias Noticias

Analysts question the long-term relevance of the Organization of the Petroleum Exporting Countries, as Russia and the U.S. take on greater roles in the oil market, despite a rally Friday in prices following an agreement between the cartel and its nonmember allies to reduce crude production fuels a rally in oil prices.