Oil Prices Remain Depressed After OPEC+ Shocked Markets ...Middle East

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Oil Prices Remain Depressed After OPEC+ Shocked Markets
source : OILPRICE ( Middle East ) () 67
Crude oil prices remained depressed in morning trade today in Asia following the Wednesday slump. Yesterday's drop in prices was caused by news that OPEC+ is delaying its meeting, originally scheduled for this Sunday, to next Thursday. The latest EIA oil inventory report then added to downward pressure on oil prices by showing a sizeable build in U.S. crude stocks. Brent crude and West Texas Intermediate shed more than 1% earlier today, with Reuters reporting that there appeared to be disagreement among OPEC members on the production levels the…

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