According to an OPEC delegate
OPEC proposes 1.5M BPD cut should last to year end, this according to an OPEC delegate.
He adds:
- OPEC makes new proposal after formal talks in Vienna hotel.
- OPEC would cut 1M BPD; Allies 0.5M in new plan
The price of crude oil futures are still trading down on the day with the front contract trading at $46.16 that's down $0.61 or -1.28% on the day. The high price extended to $47.57 while the low reached $45.89
