Oil slides after OPEC’s unexpected meeting delay – By Joe Toppe (FOX Business) / Nov 22, 2023
West Texas crude under $75 a barrel, gas prices fall
Oil prices slid after the Organization of the Petroleum Exporting Countries (OPEC) unexpectedly rescheduled a series of meetings for later this month.
West Texas Intermediate and Brent Crude, the global benchmark, both dropped over 4% to the $74 and $79 per barrel level, respectively, by mid-morning Wednesday.
OPEC said on Wednesday that the 187th Meeting of the OPEC Conference, the 51st Meeting of the Joint Ministerial Monitoring Committee and the 36th OPEC and non-OPEC Ministerial Meeting have all been delayed until Thursday, Nov. 30. The three meetings were originally planned for Nov. 25 and Nov. 26.
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