Monday, January 4, 2021

Oil Extends Losses After OPEC+ Talks Suspended Without Decision

(Bloomberg) — Oil extended losses after OPEC+ talks were unexpectedly suspended amid a disagreement over whether to raise output in February. Futures in New York fell toward $47 a barrel after slumping 1.9% on Monday. Discussions will resume Tuesday after a majority of members, including Saudi Arabia, opposed Russia’s proposal for a February supply hike. […]
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