"A massive liquidation in long positions by money managers has dampened market confidence on oil prices considerably", said Benjamin Lu of Singaporean brokerage Phillip Futures.
On Thursday, Brent futures fell more than 2% as traders began to doubt Opec would deliver a significant cut.
Saudi Arabia has indicated it wants the Organization of the Petroleum Exporting Countries and its allies to cut output by at least 1.3 million barrels per day, or 1.3 percent of global production.
"I think a million (barrels a day) will be adequate personally", Saudi oil minister Khalid Al-Falih said upon arriving to the meeting in Vienna. "How OPEC communicates this to the market may be just as important as what gets done".
Concern over an emerging supply glut has decimated oil prices - West Texas Intermediate, the US benchmark, fell more than 2 percent to $51.56 per barrel on Thursday - but President Trump has pushed for cheaper oil, urging other countries to refrain from output cuts.
Mr Trump tweeted on Wednesday: "Hopefully OPEC will be keeping oil flows as is, not restricted".
In the Middle East, Saudi Arabia produced a record 11.3 million barrels per day (bpd) in November, adding to the swelling glut.
Santhosh V. Perumal
Zangeneh said the estimated surplus now on the market amounted to 1.3 to 2.4 million barrels per day. Some experts say that gives the US some leverage over the Saudis, though Al-Falih denied that on Thursday.
"We don't need permission from anyone to cut", he said.
Brent Crude was trading at around $58.70 per barrel, a drop of 4.65 percent, while WTI was worth $50.44 per barrel, losing 4.63 percent.
Oil output from the world's biggest producers - OPEC, Russia and the United States - has increased by a 3.3 million bpd since the end of 2017, to 56.38 million bpd, meeting nearly 60 per cent of global consumption.
Saudi Arabia, Opec's de facto leader, has made clear that it won't shoulder the burden of trimming production alone.
The wait for Moscow signals how much Opec has changed since 2016 when Saudi Arabia and Russian Federation ended their historic animosity and started to manage the oil market together. Those differences persisted after Wednesday's meeting, OPEC delegates said.
The measure is aimed at controlling global oil prices that have seen a dramatic crash of more than 30 percent over the last two months, placing the budgets of oil-exporting nations under considerable pressure. One of the key questions in Thursday's talks is whether to exempt Iran from having to cut production, as its energy industry is already hobbled by US sanctions on its crude exports. While it said it was purely a practical decision because it mainly produces natural gas and little oil, the move was viewed as a symbolic snub to the Saudi-dominated organization.
Also, working on his North Korea diplomacy, the president met with the leaders of the Netherlands and South Afirca. But progress has been slow, with the two countries sparring over the exact meaning of the agreement .
Sophie posted on her Twitter account. "Touched by your kind words and blessings", Priyanka wrote on Twitter on Wednesday. The earlier version of the article read, "Priyanka: She is a modern-day scam artist, in my opinion".
Rockstar released Red Dead Online's beta last week to certain players, with everyone who owns the game now being allowed to play. Based on feedback from players on the Red Dead Online beta, Rockstar Games plans to make changes to the in-game economy.
The woman's previously fertilised and frozen eggs were implanted after seven months and 10 days later she was confirmed pregnant. Upon encountering a suitable candidate and donor, doctors must act quickly to remove the uterus and transport it to the patient.
However, CEU will keep its Budapest campus and those students who have enrolled there will be able to complete their studies. Ignatieff said all new students will attend classes in Vienna , but he hopes to maintain a Budapest campus.
Oh won a Golden Globe in 2006 for best supporting actress in series, limited series or motion picture made for television. According to E! the 2019 show will debut a new award 'measuring 11.5 inches tall, 3.75 inches wide and 3.75 inches deep.
The AirPods 2 will also likely come with noise cancellation technology for a more distraction-free listening experience. As it is, the current gen AirPods went in for some criticism for its looks when first launched back in 2016.
Meng's arrest is related to alleged violations of United States sanctions, according to Reuters news agency. Huawei overtook Apple earlier this year to move into the No. 2 spot, according to Business Insider .
In October, XFL Commissioner Oliver Luck said the league had no plans to resurrect original team names and identities. This is the second go-round for the XFL, which is backed by World Wrestling Entertainment chairman Vince McMahon.
Chelsea fans slate Alvaro Morata after Wolves defeat
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US Marine planes crash in Japan
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Salman Khan is the richest Indian celebrity
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Cardi B & Offset Have Officially Split Up
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Highlights of bills proposed by Wisconsin Republicans
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Microsoft to kill off its Edge browser
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