Dec 06, 2018 08:20 AM IST | Commodities
Oil prices ease in cautious trading ahead of OPEC meeting
International Brent crude oil futures were down 17 cents, or 0.3 percent, at $61.39 per barrel.
US West Texas Intermediate (WTI) crude futures were at $52.57 per barrel at 0109 GMT, down 32 cents, or 0.6 percent, from their last close.
Since early October, crude oil has lost around 30 percent of its value amid surging supply and fears that an economic downturn will erode fuel demand.
Published Date: Dec 6th, 2018 06:53 AM | Updated Date: Dec 06, 2018 08:20 AM IST