Oil Ends Slightly Lower Ahead of OPEC -- Market Talk
November 27 2020 - 02:53PM
Dow Jones News
14:23 ET - US benchmark oil prices end the session a slight,
0.4% lower at $45.53 a barrel, bringing to an end a four-session
price rally as investors hesitate as they try to gauge what OPEC
and Russia might decide at a meeting next week regarding
soon-to-expire emergency production cuts. Analysts generally expect
the group will extend cuts into the first few months of 2021, but
given WTI crude's 27% price surge since Nov. 1, the analysts are no
longer certain of such an outcome. Despite today's price-slippage,
WTI ends the week about 9% higher, marking a fourth straight weekly
increase. (dan.molinski@wsj.com)
(END) Dow Jones Newswires
November 27, 2020 14:38 ET (19:38 GMT)
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