Oil breaks below $43, sinks 7% to multi-year low as OPEC reportedly fails to reach deal
Oil prices sank to multi-year lows on Friday as the outcome from the OPEC+ meeting in Vienna remained uncertain.
U.S. West Texas Intermediate crude slid $1.71, or 3.8%, to $44.19 per barrel. Earlier in the session WTI fell to $43.28, its lowest level since December 2018. International benchmark Brent crudeslid $1.67, or 3.3%, to $48.34 per barrel. Earlier in the session it traded as low as…
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