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Brent oil price sinks under $60 after Saudi remarks

London's Brent North Sea oil sank $2.94 to $58.62 per barrel at 10:35 GMT.

December 06, 2018 / 05:39 PM IST

Brent oil prices sank under $60 on December 6 after Saudi Arabia made remarks that were deemed overly cautious by analysts ahead of OPEC's latest output decision.

London's Brent North Sea oil sank $2.94 to $58.62 per barrel at 1035 GMT, compared with December 5 close, after Saudi Arabia's oil minister Khalid al-Falih said OPEC was seeking a "sufficient" cut in output to prop up prices.
PTI
first published: Dec 6, 2018 05:24 pm
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