Oil slips 1% on concerns over delayed Opec+ meeting

Brent crude futures were down 68 cents, or about 0.8%, at US$81.28 a barrel by 2024 GMT, while the US West Texas Intermediate crude slid 75 cents, or 1%, to US$76.35.

NEW YORK: Oil prices dipped about 1% on Thursday, extending losses on expectations that Opec+ might not deepen output cuts next year after the producer group postponed its policy meeting.

Brent crude futures were down 68 cents, or about 0.8%, at US$81.28 a barrel by 2024 GMT after falling as much as 4% on Wednesday.