Oil holds decline as OPEC+ dispute clouds outlook for production – Daily Market Update – Equity 24 Nov 2023

Oil held the bulk of a decline after the OPEC+ alliance was forced to delay a critical meeting amid a dispute over output quotas, casting a pall of uncertainty over the group’s production policy for next year. Global benchmark Brent edged higher to trade near $82 a barrel after dropping 1.3% over the previous two sessions, while US counterpart West Texas Intermediate was below $77 a barrel following the Thanksgiving break.