Brent crude prices fall 6% amid failure to reach deal to freeze oil output

DOHA. KAZINFORM - Brent crude prices fell by more than 6 percent after oil producing countries failed to reach an agreement in the Qatari capital Doha to freeze oil output, media reported Monday.

photo: QAZINFORM

According to the CNBC news outlet, the lack of a deal on Sunday sent the commodity's prices tumbling in early trading hours on the New York Mercantile Exchange (NYMEX), Sputniknews.com.