'OPEC 감산규모 확대 없다' 시장 실망감…국제유가 약세
Oil prices plunged nearly five percent on Thursday, after the market was disappointed by OPEC's decision not to make deeper production cuts.
The cartel and other major exporters agreed to extend their current deal to limit production for nine months, in an effort to bolster oil prices.
Investors however, had been hoping for a further reduction to tackle a global supply glut that has plagued the market for almost three years.
The recent increase in U.S. shale production as well as the growing use of renewable energy are also dampening global oil demand.
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