Friday 29 November 2019

Oil mixed amid slow holiday trade before OPEC+ meeting - Reuters

Oil mixed amid slow holiday trade before OPEC+ meeting - Reuters:

Oil prices were mixed on Friday in quiet trade with the U.S. Thanksgiving holiday limiting activity, while investors awaited a meeting of OPEC and its allies next week that may result in the extension of an output cut agreement to support the market.

Brent crude futures LCOc1 were down 8 cents, or 0.1%, at $63.79 a barrel by 0740 GMT. Brent futures are set for a slight gain of 0.6% for the week, the fourth weekly increase, during which prices have climbed 3.4%.

West Texas Intermediate (WTI) futures CLc1 were up 4 cents, or 0.1%, at $58.15 a barrel.

For the week, WTI is set to gain 0.6%, the fourth weekly increase, during which prices have risen 3.4%.

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