Oil prices crash to their lowest level of 2018 despite Saudi Arabia’s proposed production cut
|11/23/2018||Posted by BusinessMediaguide.Com under General World News||
- Brent crude hits lowest price since December 2017.
- OPEC is set to meet on December 6th to discuss supply concerns.
- Weaker global growth and a supply glut depressing prices.
- Follow Brent’s price throughout the day at Markets Insider.
Brent crude is staying lower for longer.
Oil markets continued to drop Friday as persistent concerns about a glut in global supply were exacerbated by weaker economic conditions.
Brent was down 1% as of 9.20 a.m. GMT (4.20 a.m. ET) having previously hit $61.58 a barrel — dropping to levels not seen since December 2017 despite news that Saudi Arabia was willing to cut read more >>>