Brent crude has fallen 1.7%

04 Feb, 2020

Photo: Getty Images

Representatives of OPEC and its allies are expected to meet as calls grow for action to support oil prices.

Brent crude has hit its lowest level in a year after falling 20% since its peak in September.

OPEC and its allies are said to be preparing emergency cuts in oil production after oil prices appeared to heading into a bear market on the back of coronavirus fears.

Other news