Oil slips after delayed Opec+ meeting sows uncertainty

Houston/Beijing — Oil prices fell by more than 1% on Thursday, extending losses from the previous session, after Opec+ postponed a ministerial meeting, leading to speculation that producers might cut output less than earlier expected. Brent futures were down $1.04, or 1.3%, at $80.92 a barrel by 2.30am GMT, after falling as much as 4% on Wednesday. US West Texas Intermediate crude dipped 90c, or 1.2%, to $76.20, after declining as much as 5% in the previous session. Trade was expected to remain muted due to the Thanksgiving holiday in the US. In a surprise move, oil cartel Opec and allies including Russia delayed to November 30 a ministerial meeting where they were expected to discuss oil output cuts. Producers…