Crude Oil trades in the red and loses around 1% on Friday. However, it is in a continuous tight range with traders on the sidelines awaiting the outcome of the upcoming Organization of the Petroleum Exporting Countries and its allies (OPEC+) meeting on its output policy, which has been delayed to next Thursday.
US markets trade with limited capacity due to the Thanksgiving aftermath on Friday.
ministers will attend the meeting of the Gulf Cooperation Council in Kuwait on Sunday and discuss in person before the Output Policy Meeting scheduled for Thursday. The Crude Oil market continues to face uncertainties around weather, demand, and geopolitical developments, said Charu Chanana, chief investment strategist for Saxo Markets Pte in Singapore, Bloomberg reported.
influence the price of WTI Oil?
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