You are here: Home » Reuters » News
Business Standard

Oil prices sag on weak stock markets, but traders keep eye on OPEC meeting

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices fell on Thursday as stock markets slid, but trading was tepid in the countdown to an OPEC-meeting expected to result in a supply cut aimed at draining a glut that has pulled down crude by 30 percent since October.International Brent crude oil futures were at $61.06 per barrel at 0619 GMT, down 50 cents, or 0.8 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $52.29 per barrel, down 60 cents, or 1.1 percent.Traders said oil prices were being weighed down by weak global financial markets, which saw stock ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, December 06 2018. 11:59 IST
RECOMMENDED FOR YOU