OPEC meeting ends without deal on production

OPEC oil ministers attend attend the 169th meeting of the Organization of the Petroleum Exporting Countries, in Vienna, Austria. (AFP)

VIENNA: OPEC oil ministers have ended a meeting without reaching any kind of consensus on regulating prices and supply.
As the ministers gathered in Vienna, comments by some suggested that OPEC would send a message of unity on regulating the market after not being able to do so for years.
But a statement read at the end of their meeting made no concrete pledges emphasizing only the need for members to work for a stable market.
The price of oil fell sharply upon the news. The US benchmark was down 88 cents at $48.14 a barrel.