Brent oil drops under $70 for first time since April

Fri, Nov 9, 2018 | By publisher


Oil & Gas

Brent crude oil sank Friday under $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 $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. – Punch

– Nov. 9, 2018 @ 13:35 GMT |

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