WTI Crude
58.69
Brent Crude
64.03
Natural Gas
3.08

US crude slips 46 cents, settling at $56.09, as market grows edgy ahead of OPEC’s decision on output cut deal

Written by Reuters and Published on CNBC.com

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  • Money managers added to U.S. crude position, but cut Brent positions.
  • The market expects the OPEC production cuts to extend production cuts, though doubts loom.
  • The U.S. rig count was unchanged at 738 in the week to Nov. 17

Oil prices slipped on Monday as traders took a cautious approach ahead of an OPEC meeting next week, where an extension of current price-supporting curbs on crude output are due to be discussed.

U.S. West Texas Intermediate (WTI) crude futures finished Monday’s session down 46 cents at $56.09 a barrel. Brent crude futures were down 51 cents at $62.21 per barrel by 2:28 p.m. ET.

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Written by Reuters and Published on CNBC.com

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