Expectations that members of the Organization of the Petroleum Exporting Countries won’t cut output at their meeting later this week kept pressure on oil futures Monday, extending the November rout to around 10%.January West Texas Intermediate crude CLF6, +0.67% fell 6 cents, or 0.1%, to settle at $41.65 a barrel on the New York Mercantile Exchange, after Friday’s 3.1% drop. January Brent crude LCOF6, +0.31% on London’s ICE Futures exchange shed 25 cents, or 0.6%, to $44.61 a barrel.
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