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Oil dips amid stock market slide, traders await OPEC meeting

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices dipped on Thursday as stock markets slid and as traders eyed an OPEC meeting expected to result in a supply cut aimed at draining a glut that has pulled down crude by 30 percent since October.International Brent crude oil futures were at $61.35 per barrel at 0747 GMT, down 21 cents, or 0.3 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $53.17 per barrel, down 28 cents, or 0.5 percent.The Organisation of the Petroleum Exporting Countries (OPEC) is meeting at its headquarters in Vienna, Austria, on ...

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First Published: Thu, December 06 2018. 13:26 IST