Oil prices head for first loss in 3 sessions as traders await OPEC+ meeting
Oil futures edged lower Tuesday after back-to-back gains as investors assessed the outlook for demand and prospects for deeper production cuts by OPEC+.
Crude futures were consolidating after bouncing off roughly four-month lows set last week, finding support following news reports that Saudi Arabia and other members of OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — were weighing further production cuts. OPEC+ oil ministers are set to meet…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?