Oil prices dip ahead of OPEC+ meeting

LONDON- Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity limited and against the backdrop of fears that a slowdown in global growth will hit fuel demand.

Brent crude futures were down $1.34, or 1.3 percent, at $99.20 a barrel at 0815 GMT. West Texas Intermediate (WTI) crude futures fell $1.28, or 1.4 percent, to $93.14 a barrel.

The premium for front-month Brent futures over barrels loading in six months’ time is at a three-month low, indicating worries about current tight supply are abating.

Ministers for members of the Organization of the Petroleum Exporting Countries and allies inclu…

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