Oil prices muted with focus on OPEC+ meeting; weekly losses on tap
Investing.com-- Oil prices fell slightly in Asian trade on Friday and were headed for a weekly loss on expectations of easing Middle East tensions, with focus turning to an upcoming OPEC+ meeting.
The Organization of Petroleum Exporting Countries and allies, including Russia , is set to meet next week. The meeting was postponed to December 5 from December 1, reports said, and is expected to be a virtual meeting. The ceasefire presents fewer risks of oil supply disruptions in the Middle East, although Israel has still kept up its offensive in Gaza.
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