Sputnik - Oil prices continued to tumble on Monday after last weeks downward pull. This comes amid reports of rising production in Russia and an increase in US drilling activity that is creeping to its highest level in more than three years. Sputnik spoke with Marc Ostwald, Global Strategist at ADM Investor Services about the issue. Sputnik:...

OPEC's decision to make a U-turn and agree to cut oil production is a response to budget issues, particularly in Saudi Arabia, Marc Ostwald, Global Strategist at ADM Investor Services, told Radio Sputnik. The 14 members ofOPEC held a meeting inAlgiers onWednesday, where some ofthe world's largest oil producers unexpectedly agreed tocut production ...