Oil prices steady with China rates, OPEC meeting in focus.
Investing.com– Oil prices moved little in Asian trade on Monday before a key interest rate decision in top importer China, while an upcoming meeting of the Organization of Petroleum Exporting Countries was squarely in focus.
Prices were nursing four straight weeks of losses, hit by fears of worsening demand, and as data, particularly from the U.S. and the OPEC, suggested that supplies were not as tight as initially expected.
Brent oil futures fell slightly to $80.55 a barrel, while West Texas Intermediate crude futures were flat at $76.00 a barrel by 20:05 ET (01:05 GMT).
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