Oil Prices Drop Again After Saudi Arabia, UAE Vow to Further Boost Production

It seems things weren't bad enough in the oil markets after Saudi Arabia's and Russia's pledges to increase production. Now a new player has joined the fray.

OPEC's third-largest producer, United Arab Emirates (UAE), announced Wednesday that it, too, would boost production as much as possible in April, as Saudi Arabia further raised its own production projections.

After a slight recovery Tuesday, oil prices fell on Wednesday following announcements from OPEC members. Image source: Getty Images.

Continue reading

Source Fool.com