WTI crude oil futures extend downside from around two and half week high on Tuesday morning in Asia as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) is reportedly expected to increase oil output once again for December. However, hopes of a trade deal framework between the US and China and weakness in greenback could help limit the WTI's losses. The White House confirmed last week that Trump will meet his Chinese counterpart Xi Jinping, in South Korea on Thursday on the sidelines of an Asian summit. Currently, the counter is quoting at $61.32 per barrel, marginally lower on the day. Powered by Commodity Insights |