The logo design of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC conference, Austria December 6, 2019.|Image Credit:
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The abrupt plunge on Friday featured all eyes on Russia at the event of OPEC nations and non-cartel manufacturers in Vienna.
World oil rates, currently plunging on coronavirus worries, extended losses to more than 5%on Friday on reports that Russia wants to delay much deeper output cuts advised by its OPEC allies.
In London early morning offers, Brent North Sea crude dived to $4702 pe