11-10-2016 18:05 via uk.news.yahoo.com

Oil down 2 percent on mixed Russian response to OPEC

By Barani Krishnan NEW YORK (Reuters) - Oil fell almost 2 percent on Tuesday, retreating from one-year highs, after mixed responses by Russian oil industry officials toward an OPEC call for all major crude producers to cut output. The International Energy Agency, the energy watchdog of the West, also said it was unclear how rapidly global oil supply could fall in line with demand even if Russia and the Organization of the Petroleum Exporting Countries agreed on a steep cut. Brent crude oil was d
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