Oil prices drifted lower amid reports revealing OPEC+ members are disconnected as regards to February crude oil output quota.
Nigeria's is pushing for Oil countries to maintain current OPEC outputs
Brent oil futures were up by 0.83% to $51.62, increasing the odds of staying above $50/barrel before Christmas.
At the time of writing this report, Brent oil futures were down by 1.06% to $49.30 thereby dropping below the $50 mark.
Brent crude dropped about 3.20% to trade at $50.59 and WTI futures sank by 3.09% to $47.72.
Oil prices are presently cooling off on the bias of the $900 billion economic stimulus package lingering at the U.S Congress
Oil prices are expected to rise slightly in the last quarter of the year, with further gains due to a cold snap in global travel and...
Brent crude futures rose by 60 cents or 1.4%, to close at $42.32 per barrel.
Tropical Storm Sally picked up its strength in the Gulf of Mexico, west of Florida yesterday.
In recent weeks, oil demand has really suffered a setback.
