Oil prices fall after Russian played down OPEC production cuts

Oil prices fall after Russian played down OPEC production cuts

• Oil prices fell today after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC production cuts at its meeting next week.

• In intra-day trade, Brent crude was trading at 76 dollars and 95 cents a barrel. West Texas Intermediate crude price was at 72 dollars and 88 cents per barrel when reports last came in.

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Published date : 26 May 2023 06:03PM