(Oil price) Conflict trading ahead of OPEC meeting at the end of the month

(Oil price) Conflict trading ahead of OPEC meeting at the end of the month


SINGAPORE, Nov. 20

Traders are reluctant to take a new position ahead of the Organization of Petroleum Exporting Countries (OPEC) talks at the end of the month.

As of 10:03 am, the Brent futures LCOc1 and US crude oil futures CLc1 are trading at $ 62.60 a barrel, down 0.32 percent, and $ 56.60 a barrel, up 0.1 percent.

Traders say, "We are reluctant to take large new positions due to market uncertainty."

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