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Oil slumps as hope of OPEC cut fades

Gulf oil producers are expected to press the case for not yet cutting OPEC output, despite calls from some members of the group to bolster sagging prices by removing surplus crude from the market. As Ciara Lee reports that's welcome news for those b

http://www.wlbz2.com/video/3912462953001/1/Oil-slumps-as-hope-of-OPEC-cut-fades http://cdn.newslook.com/f0/f0e84f521a5dda595220cb68309bfcda/images/frame_ext.jpg Oil slumps as hope of OPEC cut fades Gulf oil producers are expected to press the case for not yet cutting OPEC output, despite calls from some members of the group to bolster sagging prices by removing surplus crude from the market. As Ciara Lee reports that's welcome news for those b Saudi ArabiaCiara Leemichael hewsonchristopher johnsonnewslookUnited States of AmericaEuropeRussiaChina 01:45

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