Oil price declines extend amid OPEC+ uncertainty, COVID-19 spread

MOSCOW (MRC) -- Oil prices retreated Dec. 1 amid uncertainty surrounding an expected extension of OPEC+ production quotas after the group delayed its meeting to Dec. 3, reported S&P Global.NYMEX January WTI settled 79 cents lower at USD44.55/b, and ICE February Brent fell 46 cents to USD47.42/b.OPEC is hoping a couple of days away from the market's glare will allow cooler heads to prevail

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