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

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.

 

Posted on: 2018-12-07T10:50:00+05:00

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