Oil prices sank Friday on more skepticism that the world’s largest exporters are about to start cooperating and ease a supply glut that has dragged down oil prices two years. Crude fell sharply just before noon after Bloomberg reported Saudi Arabia doesn’t expect the Organization of the Petroleum Exporting Countries to reach an agreement when it meets later this month in Algeria’s capital. The comments echo those made last weekend by...

Source: Wall Street Journal September 23, 2016 09:49 UTC