Oil Slides as OPEC Delegates Not Pushing For Deeper Output Cuts
- Coalition leaning toward pressing for better compliance
- Trump, Xi meeting to sign deal could be delayed to December
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Oil fell after a report that the biggest producers in OPEC+ aren’t pushing for deeper oil-supply cuts when the group meets next month.
Futures in New York slid 1.5% Wednesday. Prices dropped further after Reuters reported that a meeting between Chinese President Xi Jinping and U.S. President Donald Trump could be delayed until December.