Oil slips as Opec allies wrangle over extending output cuts
Producers are struggling to agree on the need for measures as a Covid-19 vaccine becomes a reality
03 December 2020 - 07:48
Tokyo — Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the Covid-19 pandemic.
Brent crude was down 15 US cents, or 0.3%, at $48.10 a barrel by 1.55am GMT, after gaining 1.8% on Wednesday. US oil was down 17c, or 0.4%, at $45.11 a barrel, having ended 1.6% higher the previous session...
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