Brent crude at $75 a barrel could lower his growth estimate for India to about 7.3 per cent from 7.5 per cent for the year through March 2019
For the kingdom, the most important thing is to keep Russia supporting the current OPEC and non-OPEC production cuts
US West Texas Intermediate crude was virtually flat at $61.23 per barrel
Brent crude futures , the international benchmark for oil prices, were at $63.86 a barrel, up 6 cents
US West Texas Intermediate crude was up 36 cents, or 0.6 per cent, at $57.50 a barrel, having earlier settled down 85 cents at $57.14
Better technology has led to soaring shale production. But, shale costs much more and Opec tried to drive less efficient shale out of business by keeping production high
Oil prices fell to fresh five-month lows on Friday