Brent Crude Slides To Lowest Since 2010 On Saudi Output Signal
by Reuters
|
Jessica Resnick-Ault | Monday, October 13, 2014 | 11:45 AM EST
Kuwait's oil minister, Ali al-Omair, was quoted as saying by state news agency KUNA on Sunday that $76 to $77 a barrel might be the level that would end the oil price slide, since that was the cost of oil production in the United States and Russia.
(Additional reporting by Robert Gibbons in New York, Sam Wilkin in London and Meeyoung Cho and Florence Tan in Singapore; Editing by Christopher Johnson, Andrew Hay and Meredith Mazzilli)
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