Investing.com - Oil prices spent most of Tuesday in negative territory, amid concern the Organization of the Petroleum Exporting Countries will not cut output to ease a glut.
Crude oil slumps as OPEC supply cut hopes waneOn the ICE Futures Exchange in London, Brent oil for January delivery shed 24 cents, or 0.31%, to trade at $79.44 a barrel during European morning hours.
A day earlier, Brent lost 68 cents, or 0.85% to settle at $79.68 a barrel. Brent futures fell to a four-year low of $76.76 a barrel on November 14.
