Oil prices fell 2 percent on Tuesday on signs leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply.
The Organization of the Petroleum Exporting Countries will meet in Vienna on Wednesday aiming to implement a deal outlined in September to cut output by around 1 million barrels per day (bpd), from around 33.82 million bpd in October. [OPEC/O]
But key OPEC members appear to disagree over details of the agreement and some analysts have suggested the meeting may fail to reach a deal or produce one that is unworkable.
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