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Oil prices ease in cautious trading ahead of OPEC meeting

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (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 were at $52.57 per barrel at 0109 GMT, down 32 cents, or 0.6 percent, from their last close.International Brent crude oil futures were down 17 cents, or 0.3 percent, at $61.39 per barrel.Since early October, crude oil has lost around 30 percent of its value amid surging supply and fears ...

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First Published: Thu, December 06 2018. 06:49 IST
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