SUBSCRIBERS

Oil prices slip on Opec deal extension jitters

Russia has expressed concerns that prolonging output cuts could cause the market to overheat

Published Wed, Nov 29, 2017 · 09:50 PM

Vienna

OIL prices fell on Wednesday on doubts the Organization of the Petroleum Exporting Countries (Opec) and Russia will agree on extending a crude production cut that the market has already priced in, and after a report of an unexpected rise in US crude oil inventories.

US West Texas Intermediate (WTI) crude futures were at US$57.67 a barrel at 0427 GMT, down 32 cents, or 0.6 per cent below their last settlement.