Oil Prices Dip in Pre-Thanksgiving Trade Ahead of OPEC+ Cuts

Oil Prices Dip in Pre-Thanksgiving Trade Ahead of OPEC+ Cuts
Pump jacks operate at sunset in an oil field in Midland, Texas, on Aug. 22, 2018. Nick Oxford/Reuters
Reuters
Updated:
0:00

LONDON—Oil prices slipped slightly on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and looked for confirmation of a sharp build-up in U.S. crude stocks.

Brent crude futures fell 52 cents to $81.93 a barrel by 0946 GMT. U.S. West Texas Intermediate crude futures were down 49 cents to $77.28.