Crude oil futures settled lower on Wednesday after data showed a notable increase in crude inventory in the U.S., and the Organization of Petroleum Exporting Countries (OPEC) postponed a key meeting by four days.
OPEC and allies, collectively known as OPEC+, were scheduled to meet on Sunday (November 26) to decide, among other things, their stance on output cuts. The meeting is now postponed to November 30th.
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