Oil plunges 10% after OPEC+ fails to agree on massive production cut

‘추가감산 무산’ 브렌트유 11년래 최대낙폭…WTI 10% 폭락

Oil prices dived to multi-year lows on Friday, as OPEC allies rejected additional production cuts proposed by OPEC.
West Texas Intermediate Crude fell over ten percent to 41-point-two-eight U.S. dollars per barrel.
This is the lowest level since 2016.
International benchmark Brent crude also dropped over nine percent to settle at 45-point-two-seven dollars per barrel.
Oil prices plunged as the meeting between OPEC and its allies OPEC+ concluded with no deal on additional production cuts.

#Oil #prices #OPEC

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