Oil Prices Fall Ahead of OPEC+ Meeting

Crude oil prices started trade with a dip today, following the U.S. Energy Information Administration’s weekly report, which showed a sizable build in gasoline stocks. At the time of writing, Brent crude was trading at $72.61 per barrel, with West Texas Intermediate at $68.53 per barrel, both down from opening. Oil traders are also waiting for the Sunday meeting of OPEC+ where the group is expected to announce yet another extension of its production cuts. That announcement is probably already factored into prices, so they are unlikely to…