Futures Movers: Oil prices extend losses as investor unease grows amid OPEC+ speculation

Daily Trade

Oil prices pushed lower on Thursday, as investors grew increasingly unsettled following a decision by the Organization of the Petroleum Exporting Countries and its allies to delay a much anticipated meeting by four days.

Price drivers

Market drivers

Oil prices tumbled briefly on Wednesday following reports of a delay to an OPEC+ meeting, originally expected this weekend, but which has now been pushed back to Nov. 30. Investors had been speculating ahead of the crucial gathering on whether OPEC+ would deepen…

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