NEW YORK CITY: Oil prices plummeted over the weekend as traders digested the latest Organization of the Petroleum Exporting Countries (OPEC) signal that crude production would not be cut despite global oversupply and falling prices.
US benchmark West Texas Intermediate (WTI) for September delivery dived almost 3.0 percent, shedding $1.40 to close at $47.52 a barrel on the New York Mercantile Exchange.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.