Actionable news
0
All posts from Actionable news
Actionable news in CHK: CHESAPEAKE ENERGY Corp,

Oil prices fall as concerns over Doha 'freeze' meeting grow

View photo

Oil pumps are seen in Lake Maracaibo, in Lagunillas, Ciudad Ojeda, in the state of Zulia, Venezuela, in this March 20, 2015 file photo. REUTERS/Isaac Urrutia/Files

NEW YORK (Reuters) - Oil futures fell from fresh four-month highs in choppy trading on Wednesday as comments from Russia's energy minister added to doubts a producer meeting set for Sunday in Doha to discuss freezing output would yield a positive outcome.

Prices fell after Reuters reported that Russian oil minister Alexander Novak told a closed-door briefing that a deal on an oil output freeze scheduled to be signed this month in Doha will be loosely framed with few detailed commitments.

The prospect of a combined OPEC and non-OPEC deal to prop up prices has boosted oil in recent weeks but analysts said that even if a deal is struck, it will do little to restore supply/demand balance.

"We have muted expectations for any...


More