Oil Prices Plunge as Market Awaits OPEC Meeting Outcome

As the market is focused on the OPEC meeting in Vienna today, energy prices fell amidst concerns over disappointing outcomes. The increase in Cushing stockpile also added pressure to oil prices. The front-month WTI crude oil contract plunged -3.93% while the Brent contract fell -3.86% for the day. Stock markets were mixed.

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