Brent Slips Toward $80/bbl Ahead of OPEC+ Meeting

Brent Slips Toward $80/bbl Ahead of OPEC+ Meeting
Crude oil and grease is seen caked on a pump jack in the Permian Basin in Loving County, Texas on Nov. 25, 2019. Angus Mordant/Reuters
Reuters
Updated:
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LONDON—Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors waited for an OPEC+ meeting later this week for an agreement expected to curb supplies into 2024.

Brent crude futures fell 42 cents, or 0.5 percent, to $80.16 a barrel by 0901 GMT, while U.S. West Texas Intermediate crude futures were at $75.05 a barrel, down 49 cents, or 0.7 percent.