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Brent Crude Prices Fall 6% Amid Failure to Reach Deal to Freeze Oil Output

Sputnik International

Brent crude prices fell by more than 6 percent after oil producing countries failed to reach an agreement in the Qatari capital Doha to freeze oil output... 17.04.2016, Sputnik International

2016-04-17T22:28+0000

2016-04-17T22:37+0000

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Brent Crude Prices Fall 6% Amid Failure to Reach Deal to Freeze Oil Output

22:28 GMT 17.04.2016 (Updated: 22:37 GMT 17.04.2016)

Brent Spar oil platform - Sputnik International

Brent crude prices fell by more than 6 percent after oil producing countries failed to reach an agreement in the Qatari capital Doha to freeze oil output, media reported Monday.

MOSCOW (Sputnik) — According to the CNBC news outlet, the lack of a deal on Sunday sent the commodity's prices tumbling in early trading hours on the New York Mercantile Exchange (NYMEX).