OPEC+ Meeting Rescheduled to Dec. 5 Amid Oil Market Uncertainty
TL;DR Summary
Oil prices dipped as traders await OPEC+'s decision on production plans, with a key meeting delayed to December 5. Brent crude hovered around $73 a barrel amid fluctuating geopolitical tensions and demand concerns, particularly from China. Analysts predict prices may fall below $70 as a supply glut is expected next year. Trading volumes were low due to the Thanksgiving holiday.
- Oil Slips in Thin Trading as Traders Await OPEC’s Next Moves Yahoo Finance
- OPEC+ Delays Online Meeting on Supply to Dec. 5, Delegates Say Bloomberg
- OPEC+ postpones meeting to decide oil production strategy to Dec. 5, sources say CNBC
- Market Circumstances Not Supportive of OPEC+ Cut Unwind, StanChart Says Rigzone News
- OPEC+ shifts meeting to Dec. 5, could delay output hike, sources say Reuters
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