No help from OPEC reports: Oil slumps ...Middle East

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No help from OPEC reports: Oil slumps
WTI crude oil is at the lows of the day, down $0.80 to $68.12 after rising as high as $70.30 early in US trading.The spike to the highs of the day came on a Reuters report saying that OPEC+ nations are discussing a further delay to a planned output return that was slated for January.OPEC is set to meet on Sunday so expect a steady stream of leaks ahead of the meeting. Last week, a report said a resumption in some production could be delayed through Q1, which is the time of year with typically the lowest demand.OPEC is holding back nearly 6 million barrels of production in total, though only about three-quarters of that is readily available. A major risk for the year(s) ahead is that OPEC bre

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