Major global oil producers, including both members and nonmembers of the Organization of the Petroleum Exporting Countries, are scheduled to meet in Doha on April 17 to discuss a potential freezing of oil output.
West Texas Intermediate crude for May delivery CLK6, -0.67% fell for a second day, dropping $1.09, or 3%, to settle at $35.70 a barrel—its lowest level since March 3. On Friday, the U.S. benchmark fell 4%.
June Brent crude LCOM6, -0.37% the global benchmark, dropped 98 cents, or 2.5%, to end at $37.69 a barrel. .
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