Crude oil futures ended marginally lower on Tuesday as traders were awaiting the upcoming meeting of OPEC+, scheduled to take place on Sunday (November 26). The group, which has already pledged total oil output cuts of 5.16 million barrels per day, is widely expected to extend its production cuts. Meanwhile, traders also await weekly crude oil reports from the American Petroleum Institute (API) and U.S. Energy Information Administration (EIA).
Benchmark crude oil futures for January delivery lost $0.06 or about 0.07 percent to settle at $77.77 a barrel on the New York Mercantile Exchange. However, Brent crude for January delivery added $0.13 or nearly 0.15 percent to settle at $82.45 a barrel on London's Intercontinental Exchange.