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Crude oil hit black Friday and WTI down 5%
2019-12-02 13:21
At the upcoming OPEC meeting, the possibility of OPEC and Russia and other major non OPEC oil producing countries to reach a crude oil production reduction agreement was reduced. On Friday (November 29), international crude oil fell sharply. New York Mercantile Exchange West Texas light oil futures settlement price in January 2020 was $55.17 per barrel, down $2.94/barrel or 5.1% compared with the previous trading day, the biggest one-day decline in two months, trading range $55.02-58.3/barrel; London Intercontinental Exchange Brent crude oil futures settlement price in January 2020 was $62.43 per barrel, down $1.44/barrel or 2.3 compared with the previous trading day %, trading range: 62.36-63.86 USD / barrel.
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