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No Compromise At OPEC, So Oil Prices Keep Falling

Published April 18, 2016 at 1:33 PM EDT
Saudi Arabia's minister of Oil and Mineral Resources Ali al-Naimi (center) arrives for the organization of Petroleum Exporting Countries (OPEC) meeting, in the Qatari capital Doha, on April 17, 2016. Top energy officials from some 15 countries including Saudi Arabia and Russia are at the Doha talks, amid reports a draft agreement was in the works to freeze output at January levels until at least October. (Karim Jaafar/AFP/Getty Images)
Saudi Arabia's minister of Oil and Mineral Resources Ali al-Naimi (center) arrives for the organization of Petroleum Exporting Countries (OPEC) meeting, in the Qatari capital Doha, on April 17, 2016. Top energy officials from some 15 countries including Saudi Arabia and Russia are at the Doha talks, amid reports a draft agreement was in the works to freeze output at January levels until at least October. (Karim Jaafar/AFP/Getty Images)

Prices on crude oil dropped Monday as OPEC members failed to reach an agreement on freezing oil production. Jill Schlesinger of CBS News joins Here & Now’s Jeremy Hobson to explain this, as well as the latest step in Amazon’s plan to expand its business in streaming video.

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