Mubasher: Oil futures declined at Thursday’s settlement, recording its third successive loss.
October Nymex WTI went down by $0.66, or 1.2%, to close at $55.09 per barrel.
The Organization of the Petroleum Exporting Countries (OPEC) agreed on Thursday to reduce their output, while asking over-supplying member states Iraq and Nigeria to trim their output in line with the targeted caps, Reuters reported.
Source:
Mubasher