(MENAFN- Trend News Agency)
Oil prices closed mixed on Tuesday as market participants
awaited a key meeting by major producers, trend reports citing xinhua .
The West Texas Intermediate for January delivery added 96 cents,
or 1.24 percent, to settle at 78.2 U.S. dollars a barrel on the New
York Mercantile Exchange. Brent crude for January delivery lost 16
cents, or 0.19 percent, to settle at 83.03 dollars a barrel on the
London ICE Futures Exchange.
The Organization of the Petroleum Exporting Countries and its
allies, collectively known as OPEC+, will meet on Dec. 4. In
October, the oil alliance agreed to reduce its output target by 2
million barrels per day from November to shore up prices.
Traders were also anticipating data on U.S. fuel stockpiles as
the Energy Information Administration will release its weekly
petroleum status report on Wednesday.
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.