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Oil prices slip as wary traders eye upcoming OPEC+ meeting

Jun 01, 2020 - Nasdaq

B y Florence Tan SINGAPORE, June 1 (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. Brent crude LCOc1 fell 34 cents to $37.50 a barrel, in the first day of trading in the contract with August as the front month. West Texas Intermediate (WTI) crude futures CLc1 for July delivery were at $35.17 a bar...