Oil dived lower on Friday

International benchmarks for oil prices fell significantly on Friday (23 September) as pessimism growing over the outcome of the informal meeting between OPEC members. Meanwhile, Iran and Saudi Arabia have clashed over production limit. Russia production output is also at the highest level since the collapse of the Soviet Union, reaching 11 millions barrel per day.

WTI closed at $44.48/barrel (-$1.84) for November delivery

Brent closed at $45.89/barrel (-$1.76) for November delivery