OPEC in crisis and oil on rise after failed meeting

Several days of tense talks failed to resolve a bitter dispute between Saudi Arabia and the United Arab Emirates, said delegates

Oil prices crept towards $80 per barrel on the back of the failed Opec talks.

OPEC+ abandoned its meeting without a deal, tipping the cartel into crisis and leaving the oil market facing tight supplies and rising prices.

Several days of tense talks failed to resolve a bitter dispute between Saudi Arabia and the United Arab Emirates, delegates said.