Oil prices dipped roughly 1% on Thursday, extending losses from the previous session, after OPEC+ postponed a meeting, triggering speculation that the group may not deepen output cuts next year due to dissenting African members.
Brent futures were down 85 cents
Oil prices dipped roughly 1% on Thursday, extending losses from the previous session, after OPEC+ postponed a meeting, triggering speculation that the group may not deepen output cuts next year due to dissenting African members.
Brent futures were down 85 cents, or about 1%, at $81.11 a barrel by 0916 GMT, after falling as much as 4% on Wednesday.
U.S. West Texas Intermediate crude slid 71 cents, also about 1%, to $76.39, after declining as much as 5% in the previous session.
Iran's clerical leadership chose confrontation over compromise in appointing Mojtaba Khamenei to succeed his father, Ali Khamenei, a move regional officials say is a direct rebuke to U.S. President Donald Trump, who had declared the son "unacceptable".
Ayatollah Ali Khamenei's son Mojtaba has emerged as frontrunner to succeed his late father as Iran's supreme leader after years spent forging close ties with the elite Revolutionary Guards and building influence in the clerical establishment.
The Dubai Financial Services Authority (DFSA) has announced the reopening of Nasdaq Dubai, effective Wednesday, March 4, 2026, at 10:00 am Gulf Standard Time, following a period of closure amid the regional conflict convulsing the Middle East.
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