Brent oil prices drop by 2 percent as traders expect output rise after OPEC deal
Brent crude futures LCOc1, the international benchmark for oil prices, were at $73.90 per barrel at 0035 GMT, down 2.2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $68.36 a barrel, down 0.3 percent, supported by a slight drop in U.S. drilling activity.
OPEC and non-OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day. Image source: Reuters