Oil slips on investor jitters over Opec+ meeting to decide on output cuts
January Brent crude futures, February Brent contract and US West Texas Intermediate crude futures for January drop
30 November 2020 - 07:47
Singapore — Crude oil prices fell on Monday, amid investor jitters ahead of a meeting of producer group Opec+ to decide whether to extend large output cuts to balance global markets, but vaccine hopes helped keep them on track to rise more than a fifth in November.
January Brent crude futures, which will expire later on Monday, dropped 46c, or 1%, to $47.72 a barrel by 5.55am. The more actively traded February Brent contract was at $47.83 a barrel, down 42c...
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