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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Oil Drops Further After OPEC Delay As Asian Stocks Struggle

OPEC's decision to delay its meeting shocked markets. (Credit: AFP)

Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities struggled after two US reports dented recent euphoria over the future of interest rates.

Both main crude contracts slipped more than one percent on news that the much-anticipated gathering of the major producers -- combining OPEC and 10 allies -- would be put back by four days to November 30.

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