Oil resumes decline as Organisation of Petroleum Exporting Countries meeting looms

Oil fell for the third time in four days as ministers from the Organisation of Petroleum Exporting Countries arrived in Vienna to discuss production policy.

Futures dropped as much as 1.3% to stay below $42 a barrel in New York amid a broader decline in commodities.

Saudi Arabia will consider all issues at tomorrow’s gathering and listen to the concerns of other group members, oil minister Ali al-Naimi said.