Oil sinks to its lowest level since November

Oil prices have sunk to their lowest level since November 2016 after Russia said it hasn't yet made a decision about extending cuts.
WTI crude, the US benchmark, is down by 2.1% at $46.83 per barrel, while Brent crude, the international benchmark, is down by 1.9% at $49.83 per barrel as of 9:13 a.m. ET.
Below, a chart of WTI crude:
Kremlin spokesman Dmitry Peskov said earlier Thursday in a conference call with reporters that "no decision has been made yet" regarding whether Russia