Commodity Capsule| Brent crude extended losses; gold rises, copper advances
Commodity Capsule: Brent prices were trading at levels lower than last weeks close, but WTI pared some losses to trade slightly higher than last Fridays level.
Commodity Capsule: Oil prices extended losses on Friday, and looked set for a sixth straight week of declines, as voluntary oil output cuts agreed by OPEC+ producers fell short of market expectations.
Brent crude futures for February fell under $81 a barrel. US WTI crude futures are weak and hovering at $76 a barrel.
Brent prices were trading at levels lower than last week's close, but WTI pared some losses to trade slightly higher than last Friday's level.
OPEC+ is focusing on reducing output as prices have fallen from $98 in late September amid concerns over weaker economic growth in 2024 and expectations of a supply surplus.
stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.