Oil prices decline ahead of OPEC meeting

IANS  |  New York 

ended lower on Tuesday as investors were awaiting the upcoming the Organization of the Exporting Countries (OPEC) meeting.

The Intermediate for July delivery fell USD 0.78 to settle at USD 65.07 a barrel on the New York Mercantile Exchange, while Brent crude for August delivery was down USD 0.26 to close at USD 75.08 a barrel on the ICE Futures Exchange, reported

and its allied including will meet on June 22 in

It is expected that the major exporters would discuss whether to withdraw from the current output-cut deal.

--IANS

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First Published: Wed, June 20 2018. 02:32 IST