Powered by

Oil prices slip as wary traders eye upcoming OPEC+ meeting

Jun 01, 2020 - Reuters Canada

SINGAPORE (Reuters) - Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.

FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. Picture taken August 23, 2018. REUTERS/Nick Oxford

Brent crude LCOc1 fell 34 cents to $37.50 a ba...