Global benchmark oil prices are expected to open lower on Monday as a dispute between top crude exporters Russia and Saudi Arabia raises concerns of another collapse in talks to curb production at a meeting this week.
The meeting, which was rumoured to be taking place on 6 April, has been jeopardised by a purported rift between Saudi Arabia and Russia
State regulatory bodies in half a dozen states producing 2/3rds of U.S. crude oil have the authority to limit production.
Major firms such as Next and Primark stop taking deliveries as smaller firms such as Cath Kidston face collapse
Cath Kidston, the homeware and clothing chain, is expected to call in administrators, putting more than 940 jobs at risk and adding to pressures on the high street.