As Oil Prices Slips by 1.2% Will OPEC+ Evade ‘Taper Tantrum’

Capt. John
  • Oil prices dropped on Monday on a record daily rise in global coronavirus cases with big spikes in infections over the weekend in the United States.
  • While traders await an OPEC technical meeting expected to recommend an easing of supply cuts.
  • Brent crude fell 53 cents, or 1.2%, to $42.71 a barrel by 0946 GMT, though prices have been hovering around $42 for a couple of weeks.
  • U.S. crude was down 64 cents, or 1.6%, at $39.91.
  • Oil traders also remained on edge as the Joint Ministerial Monitoring...

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