Oil prices fell as Angola decides to exit OPEC

Oli prices fell overnight after Angola announced it would exit the Organization of the Petroleum Exporting Countries, according to CommSec’s Tom Piotrowski.

He said oil prices dropped up to three per cent overnight as a result.

“So that has casted a bit of a pore over things,” he told Sky News Australia.

“It is now just quite whether or not that might be a pathway for other countries to follow.

"The point to make is there not far off the lowest levels of the year notwithstanding everything that’s going on in the Middle East."

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