Brent crude futures fell 51 cents, or 0.6 percent, to $81.81 a barrel by 0746 GMT, while US West Texas Intermediate crude futures were at $77.32 a barrel, down 51 cents, or 0.7 percent.
Both contracts climbed about two percent on Monday after three OPEC+ sources told Reuters that the group, made up of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, was set to consider whether to make additional oil supply cuts when it meets on Nov. 26.
Those gains were trimmed on Tuesday.
This story is from the November 22, 2023 edition of The Philippine Star.
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This story is from the November 22, 2023 edition of The Philippine Star.
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