Crude oil futures ended lower on Friday despite expectations OPEC+ will delay production increases. The group announced that their meeting, originally scheduled to take place on December 1, has been postponed to December 5th. Meanwhile, traders continued to follow the developments on the geopolitical front. Israel and Hezbollah have been exchanging accusations of breaching the ceasefire agreement.
Benchmark crude oil futures for December delivery fell $0.72 or about 1.1 percent to settle at $68.00 a barrel on the New York Mercantile Exchange. Brent crude for January delivery dropped $0.34 or about 0.46 percent to settle at $72.94 a barrel on London's Intercontinental Exchange.