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Oil prices dip as stock markets slide, but trading tepid ahead of 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.U.S. West Texas Intermediate (WTI) crude futures were at $52.66 per barrel at 0140 GMT, down 23 cents, or 0.4 percent, from their last close.International Brent crude oil futures were down 7 cents, or 0.1 percent, at $61.49 per barrel.Traders said oil prices were being weighed down by weak global ...

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First Published: Thu, December 06 2018. 08:29 IST
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