Brent crude slumped to a 4-year low of 80.46 amidst concerns of oversupply. Market sentiment was also hurt as Kuwaiti oil minister hinted that no production cut would be announced after the OPEC meeting on November 27. The front-month contract Brent crude contract ended the day at 81.67, down -0.81%. Gold had a volatile day but ended the day modestly higher as Asian demand firmed.
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Brent Slumped to 4-Year Low as OPEC Unlikely Cuts Output
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