Oil prices skid US$3 a barrel as investors take profits ahead of OPEC+ meeting

Brent crude LCOc1 was down US$2.76, or 2.4%, at $113.53 a barrel at 0024 GMT, having risen 0.6% the previous day. U.S. West Texas Intermediate (WTI) crude CLc1 dropped $2.89, or 2.9%, to $112.37 a barrel, after a 0.5% rise on Wednesday.

TOKYO: Oil prices fell by around US$3 a barrel in early Asian trade on Thursday as investors cashed in on a recent rally with a key producers meeting later in the day set to pave the way for expected output increases.

Brent crude LCOc1 was down $2.76, or 2.4%, at $113.53 a barrel at 0024 GMT, having risen 0.6% the previous day.