Oil eases as Russia downplays additional OPEC+ cuts

LONDON -Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. Brent crude futures was down 41 cents, or 0.5 percent, to $77.95 a barrel at 0815 GMT. U.S. West Texas Intermediate crude (WTI) fell 51 cents, or 0.7 percent, to $73.83. "I don't think that there will be any new steps, because just a month ago certain decisions were made regarding the voluntary reduction of oil production by some countries..." Novak was quoted as saying by Izvestia newspaper. https://business.inquirer.net/402632/russias-novak-does-not-expect-new-steps-from-opec-meeting In the previous sessi...Keep on reading: Oil eases as Russia downplays additional OPEC+ cuts

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