Oil falls as Suez Canal opens, focus turns to OPEC+ meeting

NEW YORK: Oil prices slid on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week, where analysts expect an extension to supply curbs to offset disappointing demand prospects.

Brent crude fell 31 cents, or 0.5%, at $64.67 a barrel by 11:11 a.m. (1511 GMT.) West Texas Intermediate US oil was down by 47 cents, or 0.8%, at $61.09 barrel. Both contracts earlier fell by more than $1 a barrel.