Oil plunges 7% at the new low of 2018



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Workers place a section of pipe during drilling operations in a gas well located outside of Corpus Christi. Patterson-UTI Energy is drilling the well for Decker Operating in Houston.

Eddie Seal | Bloomberg | Getty Images

Workers place a section of pipe during drilling operations in a gas well located outside of Corpus Christi. Patterson-UTI Energy is drilling the well for Decker Operating in Houston.

Oil prices dropped to their all-time low of 2018 on Friday, exacerbating pressure on OPEC in anticipation of a much-awaited meeting between the oil-influential cartel and its allied partners.

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