Oil down 1% on bearish view of delayed OPEC+ meeting

Posted on AllSides November 22nd, 2023
From The Center

Nov 23 (Reuters) - Oil prices fell 1% in early trading on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting stoking views the producers might cut output less than earlier anticipated. Brent futures fell 81 cents, or 1%, to $81.15 a barrel, after falling as much as 4% on Wednesday. U.S. West Texas Intermediate crude dipped 72 cents, or 0.9%, to $76.40, after declining as much as 5% in the previous session. Trade was expected to remain muted due to the Thanksgiving holiday in the...

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