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Oil prices sag on weak stock markets, but traders keep eye on OPEC meeting

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices fell on Thursday as stock markets slid, but trading was tepid in the countdown to 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 $61.06 per barrel at 0619 GMT, down 50 cents, or 0.8 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $52.29 per barrel, down 60 cents, or 1.1 percent.Traders said oil prices were being weighed down by weak global financial markets, which saw stock ...

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First Published: Thu, December 06 2018. 11:59 IST