Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts
LONDON (Reuters) – Oil prices fell on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week that is likely to agree an extension to supply curbs amid disappointing demand prospects.
Brent crude was down 50 cents, or 0.8%, at $64.48 a barrel by 0851 GMT. U.S. oil was off by 58 cents, or 0.9%, at $60.98 barrel.
Ships were moving through the Suez Canal again on Tuesday after tugs refloated the giant Ever Given container carrier, which had been blocking a narrow section of the passage for almost a week, causing a huge build-up of vessels around the waterway.
