Oil group OPEC and its allies delay policy-setting meeting by four days

Opec logo displayed on a smart phone with Opec seen in the background, in this photo illustration. On 10 September 2023. In Brussels, Belgium. (Photo illustration by Jonathan Raa/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty Images

Meetings of the influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, have been rescheduled from Nov. 25-26 to Nov. 30, sending prices down by over $3 per barrel in Thursday intraday trade.

The OPEC Secretariat, which made the announcement, did not disclose the reason for the postponement.

This is a breaking news story and will be updated shortly.

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