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Oil falls amid stock market slide, but market eyes OPEC meeting

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.International Brent crude oil futures were at $61.04 per barrel at 0531 GMT, down 52 cents, or 0.8 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $52.38 per barrel, down 51 cents, or 1 percent.Traders said oil prices were being weighed down by weak global ...

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First Published: Thu, December 06 2018. 11:14 IST