Oil ends slightly lower after tumble to 10-month lows


Oil futures ended with small losses but well off session lows after tumbling to levels last seen in January after The Wall Street Journal reported that Saudi Arabia and other OPEC+ members were discussing a potential output boost for their December meeting. Crude quickly trimmed declines after Saudi Arabia’s energy minister denied the report. West Texas Intermediate crude for December delivery CL.1, -0.42% CL00, -0.35% fell 35 cents, or 0.4%, to end at $79.73 a barrel on the New York Mercantile Exchange. January WTI CL00, -0.35% CLF23, -0.35%, the most actively traded contract, lost 7 cents, or less than 0.1%, to close at $80.04 a barrel.

This article was originally published by Marketwatch.com. Read the original article here.

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