Crude oil prices hover around 6-months low
As of 0615 IST, Brent crude futures were trading down by 6 cents at around USD 46.86 per barrel. US West Texas Intermediate (WTI) crude futures were trading lower by 8 cents or 0.02% at around USD 44.38 per barrel.
Since late May, prices for both the benchmarks have declined by more than 13%. Organisation of the Petroleum Exporting Countries (OPEC) extended the production cut of crude oil by 1.8 million barrels per day by an extra nine months until the end of first quarter of 2018.
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