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Oil prices fall for 5th straight week as traders look ahead to delayed OPEC+ meeting

 
Emeraldlight

User ID: 80816366
United States
11/25/2023 08:43 AM

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Oil prices fall for 5th straight week as traders look ahead to delayed OPEC+ meeting
Oil futures fell Friday, dropping for a fifth straight week as investors awaited a delayed meeting of OPEC+ members next week.

Price action
Market drivers
The decline left WTI with a 0.7% weekly loss, while Brent lost less than 0.1%. It was the fifth straight weekly decline for both benchmarks based on front-month contracts, according to Dow Jones Market Data.

[link to www.marketwatch.com (secure)]

Hoping for continued conflict and no meeting





GLP