Thursday, January 30, 2025
Oil falls as Suez opens, focus turns to OPEC+ output- oil and gas 360

Oil falls as Suez opens, focus turns to OPEC+ output

Reuters LONDON -Oil prices slid on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week which analysts expect to approve an extension to supply curbs amid disappointing demand prospects. Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate U.S. oil was off by $1.16,