Oil steady – traders await OPEC reaction

The release of oil reserves has opened the door for OPEC+ to adjust its supply policy downwards at its next meeting on Dec. 2, says analyst Louise Dickson.

Photo: Rob Carr/AP/Ritzau Scanpix/AFP / GETTY IMAGES NORTH AMERICA

Thursday morning, oil prices are suspended between minor rises and falls but drop compared to Wednesday, while investors await major oil producing countries' reactions to the recent release of oil reserves to quell prices.

A barrel of European reference oil Brent trades Thursday morning for USD 82.27 against USD 82.45 Wednesday afternoon.

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