Commodities Pressured in November
OlivaHaugenCrude oil prices remained pressured after edging higher initially, as investors awaited Friday's OPEC meeting. The front-month WTI contract slipped -0.14% while the Brent contract dropped -0.56%. On monthly basis, the WTI contract slumped -10.6% in November while the Brent contract was down -9.99%. Despite continuing reduction in US oil rig count, the market remained worried about overproduction, as OPEC has been holding ambivalent view over output cut so far.
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Commodities Pressured in November
