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Oil little changed before Doha meeting

Published 15/04/2016, 13:34
LCO
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Investing.com - Crude futures were steady on Friday in thin business as traders were reluctant to take on new positions ahead of a planned meeting at the weekend of major oil exporters who want to rein in ballooning global over-production

Brent crude futures were at $43.42 a barrel at 11:28 GMT, 42 cents below their last close.

U.S. Crude futures were down 54 cents at $40.96.

With discussions focussing around freezing output at or near current record levels, most analysts said they have little hope that a potential Doha deal will reduce the glut that has pulled down crude prices by as much as 70% since 2014

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