Oil Price Plunge Continues Amid OPEC+ Deadlock ...Middle East

Oil prices continued falling early on Wednesday, following the sharp losses incurred the previous day after the market started to assess what the OPEC+ deadlock would mean for immediate oil supply, supply-demand balances, and the future of the alliance.   As of 12:10 a.m. EDT, WTI Crude prices were down 2.45 percent at $71.57 and Brent Crude was trading down 2.16 percent at $72.92. Prices plunged on Tuesday, dragged down by uncertainty about global oil supply and a strengthening U.S. dollar in afternoon trade. “The risk of a no deal…

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