Oil prices dip as traders watch Ukraine talks and OPEC+ moves
Oil prices slipped a bit this week, with WTI at about $58 a barrel and Brent just over $63.
The drop comes as investors keep an eye on US-led peace talks in Ukraine and wait for the big OPEC+ meeting.
November is shaping up to be the fourth straight month of falling oil prices, mostly because people expect there will be more supply than demand.
What's next: Diplomacy, decisions, and slower trading
US envoy Steve Witkoff is heading to Russia for talks that could impact global oil flows if things go well—though experts aren't expecting quick fixes or sudden peace just yet.
Meanwhile, OPEC+ meets on November 30 to rethink their production plans after some members hit pause on boosting output next year.
With the US Thanksgiving holiday also in play, trading might slow down even more than usual.