Bullionguru’s,”Oil prices dip as prospect of deeper OPEC output cut dims”

© Reuters. Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing

Oil slipped to one-week lows Monday, as several OPEC and non-OPEC ministers met to discuss a pact to curb oil output but the prospect of the group delivering deeper cuts grew more distant.

Brent September crude futures fell 18 cents on the day to $47.88 a barrel by 0850 GMT. The price fell 2.5 percent on Friday after a consultancy forecast a rise in OPEC production for July.


Toll Free-18002121270


Leave a Reply

Your email address will not be published. Required fields are marked *

Skip to toolbar