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International benchmarks for oil prices continue to moved lower on Tuesday (1 November) as scepticism over OPEC’s ability to conclude a production cut deal keep growing. This concern is intensified after a technical meeting in Vienna over the weekend ended inconclusively as producers weren’t able to resolve their differences on current production levels. Meanwhile, more producers are lobbying to be exempt from the deal.

WTI closed at $46.67/barrel (-$0.19) for December delivery

Brent closed at $48.14/barrel (-$0.47) for December delivery