Bloomberg | Oil Falls as OPEC Said to Defer Iranian, Iraqi Output Cut Talks Bloomberg Oil traded near $48 a barrel as OPEC members sought to reach an agreement on output cuts. Start your day with what's moving markets. Get our markets daily newsletter. Sign Up. Business. Your daily dose of the news that's moving markets around the world. Where Russia's Lukoil sees oil prices going As OPEC looms, hedge funds more cautious on oil: Kemp |