Oil falls on increase in US stocks
Brent extends losses as Opec and its allies leave markets in limbo by delaying meeting
02 December 2020 - 08:39
Singapore — Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the US and as Opec and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January.
Brent crude oil futures were down by 41c, or 0.9%, at $47.01 a barrel by 3.58am GMT, while West Texas Intermediate crude was down by 46c, or 1%, at $44.09...
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