Oil eases, focus on OPEC+ response to U.S.-led oil release | Reuters

Oil eases, focus on OPEC+ response to U.S.-led oil release | Reuters

Oil prices fell slightly on Thursday, as investors eyed how major producers respond to the U.S.-led emergency oil release designed to cool the market and with OPEC now expecting the release to swell inventories.

Brent crude futures slipped 14 cents, or 0.2%, to $82.11 a barrel by 1413 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.4%, to $78.09 a barrel.

OPEC expects the U.S. release to swell a surplus in oil markets by 1.1 million barrels per day (bpd), a source from the group said. read more

The Organization of the Petroleum Exporting Countries, Russia and allies, together called OPEC+, will meet on Dec. 1-2 to set policy.