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Brent oil drops under USD 70 for first time since April

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AFP  |  London 

Brent crude oil sank Friday under USD 70 per barrel before a weekend meeting of major oil producing nations in Abu Dhabi.

In London morning deals, Brent North Sea crude for delivery in January fell as low as USD 69.69 per barrel, a slide of 96 cents on the day, on surging US energy stockpiles. It comes as OPEC and non-cartel members meet this weekend to discuss a possible cut in crude output amid slumping prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, November 09 2018. 16:30 IST
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