Companies Look ‘Attractive’ at $50 Oil (Bloomberg)

Oil slumped as OPEC and its allies urged members to adhere to pledged production cuts and the International Energy Agency highlighted the difficulty the group faces in balancing the market. Oil has fallen more than 16% from its April peak as the prolonged U.S.-China trade spat has dented the outlook for global demand. Bloomberg’s Alix Steel and Tina Davis discuss the recent moves affecting the oil market with Dan Pickering, founder and CIO of Pickering Energy Partners.

Watch the clip on Bloomberg.