NEW YORK, Oct. 24 (UPI) -- The latest chatter over production moves from members of OPEC overshadowed small improvements in the European economy to send oil prices crashing early Monday.
The weekend saw rhetoric focusing again on the contributions from major producers like Russia that sit outside the Organization of Petroleum Exporting Countries. OPEC members at a meeting last month in Algeria said they'd work toward an agreement to stabilize or cut production levels to bring energy markets back into balance, though some members said cooperation from non-members was needed to make any formal arrangement stick.