Brent falls below $80 ahead of OPEC+ meeting | Reuters
Oil prices fell on Monday, with the Brent benchmark dropping below $80 a barrel as investors awaited this week's OPEC+ meeting and expected curbs on supplies into 2024.
Brent crude futures were down 91 cents, or 1.1%, at $79.67 a barrel by 1217 GMT. U.S. West Texas Intermediate (WTI) crude futures lost 89 cents, or 1.2%, to $74.65.
Both contracts lost $1 in early trading, having registered their first weekly gains in five last week on expectations that Saudi Arabia and Russia could roll over voluntary supply cuts into early 2024 and OPEC+ might discuss plans to reduce output further.
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