Brent falls after Opec+ delays oil output decision

Beijing — Brent crude futures edged down on Friday, extending losses from the previous session, as traders speculated on whether Opec+ would come to an agreement on further production cuts. Brent crude futures inched down 6c, or 0.07%, to $81.36 at 4am GMT, after settling down 0.7% in the previous session. US West Texas Intermediate crude slid 66c, or 0.86%, to $76.44, from its Wednesday close. There was no settlement for WTI on Thursday as it was a US public holiday. Both contracts are on track to mark their first weekly rise in five, supported by expectations that Opec+, led by Saudi Arabia, could reduce supply to balance the markets into 2024. Opec and allies, together known as Opec+, surprised…

Source: BusinessLIVE
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