Oil slips as OPEC reportedly weighs increasing output
|09/21/2018||Posted by BusinessMediaguide.Com under General World News||
- Oil prices fell more than 1% on Friday.
- OPEC may boost output to try to counter a supply squeeze from US sanctions against Iran.
- Watch oil trade in real time here.
Oil prices fell Friday amid reports OPEC is considering boosting coordinated output levels ahead of US sanctions against Tehran, which will effectively cut off Iranian production for much of the world.
West Texas Intermediate crude oil fell below $70 a barrel and Brent shed more than 1% after Reuters reported OPEC and other supply-cutting countries led by Russia are discussing raising production by 500,000 barrels per read more >>>