Drag in OPEC’s decision on output cuts pull Oil prices down

MG News | December 07, 2018 at 10:50 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 07, 2018: International oil prices fell on Friday, owing to postponement in OPEC's decision regarding output cuts as it awaited support from non-OPEC heavyweight Russia.

International Brent crude oil futures fell below $60 per barrel early in the session, trading at $59.50 per barrel at 0144 GMT, down 56 cents, or 0.9 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $51.24 per barrel, down 25 cents, or 0.5 percent.

Related News

IMF says phase out fuel relief ‘promptly’

Pakistan pushes CAREC corridor upgrade ahead of 2027 chairmanship

The Petrol Subsidy: Math?

Name	Price/Vol	%Chg/NChg
KSE100	167,089.28 109.91M	-0.21% -352.63
ALLSHR	101,117.40 308.32M	-0.15% -155.10
KSE30	49,841.71 50.59M	-0.28% -142.15
KMI30	240,372.43 78.75M	-0.02% -45.72
KMIALLSHR	65,518.16 188.07M	-0.05% -35.70
BKTi	46,228.77 7.60M	-0.60% -281.04
OGTi	33,974.66 4.20M	-0.27% -91.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	82,880.00	83,705.00 81,750.00	930.00 1.13%
BRENT CRUDE	104.15	105.09 102.33	-0.13 -0.12%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.75 0.59%
ROTTERDAM COAL MONTHLY	143.40	143.40 143.40	-1.15 -0.80%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.50	92.17 90.01	0.01 0.01%
SUGAR #11 WORLD	20.11	20.44 20.09	-0.04 -0.20%