Oil prices tumble as OPEC+ meeting delay sparks concerns over production cuts
Crude oil prices tumbled for the second consecutive session. The prices fell over 1% during early trade on Thursday. WTI crude prices are trading at $76.07 marking a 1.34% decrease, while Brent crude prices stand at $80.78 reflecting a 1.44% decline. This downward trend follows the news that the Organisation of the Petroleum Exporting Countries (OPEC+) and their allies including Russia rescheduled their meeting on oil production to November 30. The postponement has left questions about the reduction in oil production and future supplies unanswered.
