Oil prices jumped on Wednesday after OPEC failed to reach a deal to increase output, raising fears of supply shortages later this year that could fuel a further price rally, imperiling the economic recovery.
In an interview with CNBC-TV18, Jason Feer, Vice President and Singapore Bureau Chief, Argus Media said the striking thing was how acrimonious the meeting was and how public that dissent became. He further said for crude there is more risk on the downside than there is on the upside. Also read: Oil demand in H2 strong, OPEC must up supply, says Barclays Cap Below is the transcript of his interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
