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Home Markets Futures

Oil prices attempt to snap 4-day losing streak as traders await OPEC+ meeting

by Press Room
November 28, 2023
in Futures
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Oil futures rose Tuesday, on track to snap a four-day losing streak, as traders await a meeting this week of the Organization of the Petroleum Exporting Countries and its allies, including Russia.

Price action

Market drivers

OPEC+ will hold an online meeting Thursday, after moving last week to delay an in-person gathering in Vienna that was set for Nov. 26. The decision last week to postpone sent oil tumbling last week amid speculation around a potential rift.

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