Thursday, November 28, 2024
Oil prices inch down as OPEC and allies seek consensus on output- oil and gas 360

Oil prices inch down as OPEC and allies seek consensus on output

Reuters LONDON – Oil prices inched down on Tuesday as investors awaited direction from OPEC and its allies after the producers postponed a formal meeting to decide whether to lift output from January. Brent crude was down 19 cents at $47.69 a barrel by 1430 GMT and West Texas Intermediate was down 36 cents at $44.98. Both contracts have surged