Oil price down 2% as Russia threatens to derail Opec proposal
Russia and Kazakhstan say they have not yet agreed to a deeper cut, raising the risk of a collapse in co-operation that has propped up oil prices since 2016
06 March 2020 - 14:50
London — Oil prices slid 2% on Friday on concerns that Russia may not agree to a steeper Opec+ output cut to support prices, and on the spectre of a prolonged economic slowdown due to the coronavirus outbreak.
Brent crude was down $1.20, or 2.4%, at $48.79 per barrel by 9.54am GMT, while US West Texas Intermediate (WTI) was $1, or 2.1%, lower at $44.90 per barrel...
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