Oil slides toward $60 ahead of OPEC+ meeting to boost global supply ...News

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Oil slides toward $60 ahead of OPEC+ meeting to boost global supply
source : Russia Today ( News ) () 10
Crude oil prices have weakened on Tuesday as OPEC and its allies are expected to decide how to proceed with the collective production cuts from April onwards. Futures in New York sank below $60 a barrel, dropping for a third day. Both global crude benchmarks Brent and US West Texas Intermediate (WTI) were down more than one percent on Tuesday, trading at $62.89 and $59.92 per barrel at 08:42 GMT, respectively. The oil-producing alliance led by Russia and Saudi Arabia will meet on Thursday to decide on easing supply curbs after prices posted their best-ever start to a year. Saudi Arabia has already called on the producers to remain “ext

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