Oil prices down to $60 at week ending Sept. 13

Anadolu Agency | Sep 13, 2019 at 3:33 PM
  • Oil prices were down on Friday due to the decision of the Organization of Petroleum Exporting Countries’ (OPEC) to postpone further oil production cuts until its next ministerial meeting on Dec. 5 and 6 in Austria.
  • The international benchmark Brent crude was trading at $60.26 per barrel at 1157 GMT on Friday while American benchmark West Texas Intermediate (WTI) cost $55.05 at the same time.
  • OPEC production increased by 50 thousand barrels per day (b/d) to 29.74 million barrels per day (mb/d).