Oil Prices Dip Amid Ukraine Talks, OPEC Meeting

Oil prices experienced a minor dip today, with West Texas Intermediate and Brent crude trading near fifty-eight and sixty-three dollars respectively. This comes as investors monitor diplomatic efforts to end the Ukraine conflict, with a US envoy set to meet with Russia next week. OPEC and its allies are also set to meet this weekend, following a decision to pause production increases. Crude oil is on track for its fourth consecutive monthly decline, with prices pushed lower by supply outpacing demand and skepticism over a potential peace deal. Trading activity may be slower due to the US Thanksgiving holiday.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.