By Henning Gloystein
SINGAPORE (Reuters) - Oil prices dipped on Thursday in tepid trading 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
International Brent crude oil futures
Since early October, crude oil has lost around 30 percent of its value amid surging supply and fears that an economic downturn will erode fuel demand.
The Organisation of the Petroleum Exporting Countries (OPEC) is meeting at its headquarters in Vienna, Austria, on Thursday to decide its production policy.
Led by Saudi Arabia, OPEC's crude oil production
(Reporting by Henning Gloystein; Editing by Kenneth Maxwell)
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