Crude oil holds a decline as Opec+ dispute clouds production outlook

Oil held a decline after the Opec+ alliance was forced to delay a critical meeting amid a dispute over output quotas, casting a pall of uncertainty over the group’s production policy for next year.

Global benchmark Brent was steady above $81 a barrel after dropping 1.3 per cent over the previous two sessions, while US counterpart West Texas Intermediate was below $77 a barrel following the US Thanksgiving break.

Saudi Arabia, the de facto leader of Opec, and its allies are embroiled in a dispute over output quotas for African members.