Oil dips amid stock market slide, traders await OPEC meeting

Oil prices dipped on Thursdayas stock markets slid and as traders eyed an OPEC meetingexpected to result in a supply cut aimed at draining a glut thathas pulled down crude by 30 percent since October.

International Brent crude oil futures LCOc1 were at $61.35per barrel at 0747 GMT, down 21 cents, or 0.3 percent from theirlast close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 wereat $53.17 per barrel, down 28 cents, or 0.5 percent…

 

Click Here For Remainder of Article 

Posted in: Daily News

About the Author:

Post a Comment