Tuesday 21 November 2017

Oil Prices Decline Ahead Of OPEC Meeting

Oil prices declined as investors became cautious ahead of an OPEC (Organisation of the Petroleum Exporting Countries) meeting next week. OPEC and other key oil producers will meet on November 30 to discuss whether to extend the current price-supporting curbs on crude output. In a bid to end a global oversupply, the group has been restraining output since the start of this year. It is widely expected that the agreement will be extended to cover the next year.

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