WTI - Crude Oil Prices Fall As OPEC+ Meeting Postponed Over Angola And Nigeria Spat | Benzinga
Oil prices fell during afternoon trade on Friday, as OPEC+ was reported to be close to a deal that will bring more oil onto the market from African-producing members of the oil cartel.
In mid-afternoon trade, Brent Crude was down 1.3% at $80.35 a barrel, while US West Texas Intermediate fell 2.4% to $75.27 a barrel. The United States Oil Fund (NYSE:USO) an exchange-traded security that tracks the price of light sweet crude, fell 1.1% to $70.83.
African Producers Unhappy: Members of the Organization of Petroleum Exporting Countries and its allies were supposed to be meeting this weekend at the cartel’s headquarters in Vienna to discuss current quotas — with Saudi ...