OPEC Cant Agree On Output Rise – 21 June, 2018
Despite a scheduled OPEC meeting on Friday to discuss a possible output increase, global benchmark Brent crude dropped over 2 percent on Thursday. Saudi Arabia has been warning of a supply shortage while Iran has been skeptical about an output raise. Brent crude fell $1.69 to $73.05 per barrel, and West Texas Intermediate fell 17 cents to $65.54 per barrel.