NEW YORK, Aug. 29 (UPI) -- Crude oil prices slid under $96 a barrel Wednesday after finance ministers from the Group of Seven nations said they would keep markets amply supplied.
In a statement released Tuesday, the G7 ministers urged oil-producing countries to raise output. The group also applauded Saudi Arabia's pledge to increase production if necessary and said their own nations would be ready to draw on strategic oil reserves to keep prices from market-harming volatility.