Oil flat after US gasoline stocks build and delay to Opec+ meeting

Quick Summary:

LONDON: Oil prices were flat on Thursday after a surprise jump in U.S.gasoline inventories and postponement of the OPEC+ meeting on output policy to Dec.5 from Dec.1.

OPEC+ sources have said there will again be discussion on Dec.5 over another delay to oil output increases due to start in January.

A further deferment has mostly been factored in to oil prices already, said Suvro Sarkar at DBS Bank.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIsraelLebanonUnited States

Topics: WTI Oil and gas Commodities Crude Brent /Business/Business News Opec

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 18:31:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23917471

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