Oil prices fall more than three percent

Oil prices on Monday fell more than three percent. The crude prices fell after OPEC overcame internal divisions and agreed to boost output. Oil prices logged sharp declined amid worries of crude surplus as COVID-19 infections rise in many



countries.

In intra-day trade, Brent crude prices were trading around 71 dollars and 30 cents per barrel while WTI crude prices were around 69 dollars and 50 cents per barrel.