27-10-2016 02:48 via uk.news.yahoo.com

Brent crude oil dips below $50 on doubts OPEC can coordinate output cut

By Henning Gloystein SINGAPORE (Reuters) - Oil prices were below $50 per barrel on Thursday on doubts OPEC will be able to bring together its members and Russia to organise a coordinated crude production cut. International Brent crude oil futures made a push above $50 per barrel early on Thursday, but had dipped back to $49.91 by 0034 GMT, 7 cents below their last closing price. Traders said Brent was struggling to break above $50 over doubts that the Organization of the Petroleum Exporting Coun
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