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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    Share with us your feedback on BT's products and services