Oil Prices Teeter ahead of OPEC+ meeting
Oil prices held steady on Tuesday, 21 November 2023 concluding a two-session rally, as investors adopted a cautious stance ahead of the OPEC+ meeting scheduled for Sunday.
Brent NYMEX
Oil prices held steady on Tuesday, 21 November 2023 concluding a two-session rally, as investors adopted a cautious stance ahead of the OPEC+ meeting scheduled for Sunday. The meeting is anticipated to address the potential deepening of supply cuts in response to the prevailing global economic slowdown.
With one more session before the U.S. Thanksgiving holiday on Thursday, oil prices experienced marginal fluctuations late in the day, a trend often associated with lower trading volumes during this holiday period.
Brent crude futures settled 13 cents higher at $82.45/barrel.
WTI crude futures eased 6 cents lower at $77.77/barrel.