Oil Traders Grow Cautious Ahead of Opec

摘要

Oil futures tumbled just at the close of the sessions on Wednesday — the day before Opec ministers are expected to announce a new production cut to tighten the market and put a floor under prices. The spill came after oil had spent most of the session in the black. In London, ICE Brent lost 52￠ to close at $61.56 per barrel. In New York, Nymex West Texas Intermediate (WTI) lost 36￠ to close at $52.89/bbl.