Crude oil futures fell during mid-morning trade in Asia Dec. 1 after OPEC members failed to agree on extending current output cuts and have delayed the second day of its meeting to later in the week. At 10:07 am Singapore time (0207 GMT), ICE Brent February contract was down 32 cents/b (0.67%) from the Nov. 30 settle to $47.56/b, while the January NYMEX light sweet crude contract was down 36 cents/b (0.79%) at $44.98/b. The January ICE Brent contract had slid to settle at a five-day low of $47.59/b on Nov. 30 following the stalemate in talks between the OPEC+ members. “Crude has shed some of its vaccine premium to price in the OPEC+ rollover uncertainty. It will likely remain in a holding pattern until there is a final decision,” Vandana Hari, CEO […]