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Oil Little Changed in Thin Trading After OPEC+ Delays Meeting
Oil was steady as traders watched for any further clues to OPEC+’s production plans after it delayed a key virtual meeting by four days. Brent crude traded near $73 a barrel after a modest gain on Thursday, with West Texas Intermediate close to $69. The producer group is now set to discuss whether to start reviving supplies, which could tip the market into a glut, at an online gathering on Dec. 5. Delegates said earlier this week that talks have begun on delaying the move. Crude has traded in a tight range since the middle of October, flipping between consecutive weekly gains and losses. Prices have been buffeted ... (full story)
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- Posted: Nov 29, 2024 2:34am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 69
