Oil prices down more than 4% with OPEC+ yet to agree

ANKARA

Crude oil prices were trading Friday with more than a 4% loss as OPEC and non-OPEC oil producing countries are yet to agree how much additional crude production cuts they have to make in order to balance the oil market. 

The price of Brent crude was trading at $47.95 per barrel at 1133GMT for a 4.1% decline after ending Thursday at $49.99 a barrel. The international benchmark fell to as low as $47.02 at 1040GMT.

American benchmark West Texas Intermediate (WTI) declined as much as $43.28 a barrel on Friday, and later it was trading at $44.01 per barrel