Oil futures weaken as traders prepare for Doha meeting

摘要

New York-Oil futures fell Friday ahead of a meeting in Doha Sunday in which major oil producers are expected to discuss a potential output freeze agreement. NYMEX May crude settled down $1.14 at $40.36/b. ICE June Brent settled 74 cents lower at $43.10/b. NYMEX May ULSD settled down 2.21 cents at $1.2322/gal. NYMEX May RBOB settled down 4.44 cents at $1.4612/gal. Iran’s Oil Ministry said Friday that the country will not agree to freeze production, and that its oil minister will skip the meeting, causing further skepticism the Doha summit can deliver a meaningful result.