U.S. oil prices end slightly lower as traders eye OPEC developments [MarketWatch]
CME Group Inc. - Class A (CME)
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Source: MarketWatch
U.S. oil prices end slightly lower as traders eye OPEC developments U.S. benchmark oil futures finished with a modest loss on Thursday , as traders assessed the news tied to the OPEC summit in Vienna and comments from major oil producers. The joint ministerial monitoring committee comprised of members of OPEC and non-member allies were meeting Thursday to discuss compliance with their output-cut agreement. A decision on whether to raise production is expected within the next couple of days , with OPEC members set to meet Friday and OPEC and non-OPEC members meeting Saturday. July West Texas Intermediate crude CLN8, +1.29% fell 17 cents, or 0.3%, to settle at $65.54 a barrel on the New York Mercantile Exchange.
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