Crude Resumes Decline ahead of OPEC Meeting

Crude oil dropped as investors awaited the OPEC meeting later this week. It appears more likely than not that the members would not reach an agreement to cut production despite price decline. The front-month contract for WTI crude oil dropped -0.95% while the Brent crude contract fell -0.85%. Gold also slipped as the SNB’s Thomas Jordan was against the November 30 referendum about raising gold reserve.

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Crude Resumes Decline ahead of OPEC Meeting