Oil prices fall sharply as top producers hold key talks
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] Oil prices fell sharply Friday as top producers attempted to finalise a crucial agreement on output cuts in a bid to counter a collapse in prices due to the coronavirus pandemic.
US benchmark West Texas Intermediate was down 9.3 per cent at US$22.76 a barrel while Brent, the international benchmark, slipped 4.1 per cent to US$31.48 a barrel.
AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore