Crude oil prices are drifting lower on Thursday, after a report from the International Energy Agency said crude output by OPEC members rose in November on the back of record pumping from Saudi Arabia.
The report said OPEC output increased by 100,000 barrels a day on month to 33.03 million barrels a day in November. Saudi Arabia produced an additional 410,000 barrels a day in the month, taking the kingdom's total production in the month to a historic high of 11.06 million barrels a day.
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