Energy

Crude declines nearly 4 percent after no progress on reducing production before OPEC Meeting

Crude declines nearly 4 percent after no progress on reducing production before OPEC

Crude declined nearly four percent as Iran and Saudi Arabia haven’t made progress on talking about freezing production. As the supply remains strong, crude oil prices in the international market declined. As per last reports, LCOc1 was down by 3.7 percent to $45.89 per barrel. Organization of the Petroleum Exporting Countries will meet in few days and decide on next course of action on production.