The oil cartel’s recent decision could mitigate global oil supply glut fears.An installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) is seen during the COP29 United Nations climate change conference in Baku, Azerbaijan. Maxim Shemetov/File Photo/Reuters11/3/2025|Updated: 11/3/2025Crude oil prices were little changed on Nov. 3, shrugging off OPEC+’s plans to pause its supply increase in the first quarter of 2026.The U.S. benchmark West Texas Intermediate crude oil prices dipped about 0.3 percent, to around $60.80 a barrel on the New York Mercantile Exchange.Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”Author’s Selected Articles
-6.3
C
Ottawa
Saturday, December 20, 2025
The Alliance Press is the world leader in online chained news and information and seeks to inform, engage and empower the world. We expose the information that wasn't known before or current events broadcast over the radio, television, online or in print media. Our content is now available through your mobile phone. No matter where your on-the-go lifestyle takes you, TAP brings the news directly to you.
More from CN
Contact
© The Alliance Media Group design by CODEUS