OPEC postpones decision on Iran, Iraq output cuts until 30 November

A technical meeting of OPEC delegates decided to defer a decision regarding output cuts for Iran and Iraq until the cartel´s next ordinary meeting scheduled for 30 November, in Vienna, Bloomberg reported.

As of 1727 GMT front mont Brent crude futures were down 0.679% to $48.57 per barrel on the ICE, alongside a 1.43% drop for West Texas Intermediate to $47.56.