Mumbai, Nov. 12 -- Crude oil prices continue to linger at over two-month low levels on Thursday morning in Asia as US and Iran avoid further escalation of strikes but stay in a gridlock in terms if negotiations. Meanwhile, according to OPEC's monthly report released on Wednesday, the alliance pumped 41.23 million barrels per day in October. This marks an increase of about 2.04 million barrels per day from September, led primarily by a sharp rise in output from Saudi Arabia. Currently, the counter is quoting at $3987.60 per barrel, down 0.32% on the day while brent is down almost 1%at $91.88 per barrel.
Published by HT Digital Content Services with permission from Capital Market....