World News: 15:53 GMT Thursday 6th December 2018. [Oil and Gas Journal General News via SPi World News]
Light, sweet crude oil for January delivery fell modestly on the New York market to settle below $53/bbl while Brent for February and March fell to settle below $62/bbl Dec. 5 pending a meeting of OPEC in Vienna. The cartel is under pressure after oil prices fell about 30% since early October. Analysts said oil prices tumbled on concerns about rising world oil supplies coupled with concerns about world economic growth—and likely slowing oil demand.
Read More: https://www.ogj.com/articles/2018/12/market-watch-brent-crude-settles-below-62-bbl-pending-opec-meeting-outcome.html
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