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Oil dives 4 percent after OPEC delays output decision

Reuters  |  NEW YORK 

By Devika Krishna KumarNEW YORK (Reuters) - Oil fell more than 4 percent in choppy trading on Thursday after OPEC and allied exporting countries ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day.The Organization of the Petroleum Exporting Countries (OPEC) met in Vienna to decide production policy in coordination with other countries including Russia, Oman and Kazakhstan.An OPEC delegate said the organization had agreed on a tentative deal to cut oil output but had not come up with a final figure.Earlier, Saudi Energy Minister ...

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First Published: Thu, December 06 2018. 22:45 IST
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