US crude dips below $70 ahead of OPEC+ meeting

U.S. crude fell below $70 a barrel for the first time in two weeks ahead of an OPEC+ meeting where major producers will debate whether to cut output to support oil prices.

Comments from member state officials suggest the cartel should stick to current cuts instead of deepening them, which could drive prices down, said Robert Yawger, executive director of energy futures at Mizuho. USA Securities.

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