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Energy

Oil prices slipped on Friday morning in Asia, after the meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna failed to reach a final decision on cutting output. Crude Oil WTI Futuresfor January delivery dropped 0.43% to $51.27 per barrel at 10:41 PM ET (02:41 GMT) on the New York Mercantile Exchange, while Londons Intercontinental Exchange showed thatBrent Oil Futuresfor February delivery dipped 1.08% to $59.66 a barrel. The OPEC meeting on Thursday failed to announce any output decision, as the oil producers delayed a decision to Friday following a discussion with Russia. Russian Energy Minister Alexander Novak flew back... Read more...

Base Metals

Base metals prices on the London Metal Exchange were collectively lower at the close of trading on Thursday December 6, with downward pressure emerging across global equity indices in addition to a sharp downturn in oil futures, which tricked through to metals prices. Read more...