Brent Crude Oil Prices Drop By $4 A Barrel In 4 Days

Oil prices fell further on Monday, pulled down by an expectation that producer club OPEC and its allies will increase supplies. Brent crude futures, the international benchmark for oil prices, were at $73.05 per barrel, down 39 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $64.24 a barrel, down 82 cents, or 1.3 percent, from their last settlement.
The drops came after crude futures fell around 3 percent on Friday, hurt by concerns about rising output and a U.S.-China trade row. “Oil prices tanked after Russia and Saudi Arabia all but confirmed a production increase,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA. For More Information Please Visit : www.paceresearchiondia.com and Call : 8817774774