Oil futures settled lower Jan. 4 as the OPEC+ group announced it would extend for a second-day talks regarding February output hikes. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX February WTI settled 90 cents lower at $47.62/b and ICE March Brent was down 71 cents at $50.19/b. OPEC and its partners will extend their talks to Jan. 5 , with countries still at loggerheads over February production levels but hoping to avoid the brinkmanship of last spring when the pact briefly collapsed, crashing oil prices. A full day of negotiations, including first a ministerial monitoring committee meeting, followed by the full OPEC+ conference, failed to budge Russia off its position that the coalition should increase crude production by […]