On Thursday, the U.S. markets were closed on account of Thanks giving holiday which led to a muted trading session. Markets will have a keen watch on the upcoming OPEC+ meeting for cues on their approach in the coming months.
WTI trade volumes lower ahead of the US Thanksgiving holiday, while U.S. crude stocks swelled by 1.6 million barrels last week as production hit a record high at 12.9 million barrels per day and refinery runs slowed. Tensions rising between U.S. & China further dampen the demand prospects for Crude and pushed the prices lower.
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