Oil falls ahead of OPEC+ supply policy meeting

Oil fell on Monday ahead of an OPEC+ supply policy meeting that may decide whether a recent rally in prices can be sustained as the world fitfully recovers from the COVID-19 pandemic. Brent crude was down 24 cents or 0.3% at $79.04 per barrel by 0143 GMT. It rose 1.5% last week, its fourth weekly gain in a row. U.S. oil dropped by 27 cents or 0.4% to $75.61, after rising for the past six weeks.

from Markets-Economic Times https://ift.tt/3ivSz2z