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.

PTI

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

Tags: #Business #Commodities #OPEC #world

first published: Dec 6, 2018 05:24 pm

Watch

• Ideas For Profit | HDFC Bank reports healthy Q2 results; Will the stock’s underperformance reverse? Watch more
• Byju's halts Shah Rukh Khan ads; has brand SRK taken a hit post son Aryan’s arrest? Watch more
• Ideas For Profit | How Infosys’ stock can reduce valuation gap with IT bellwether TCS Watch more
• This Indian agri-waste recycling project helps improve air quality Watch more

Must Listen

Simply Save | How to declare dividend income in income tax returns