Oil Markets Remain Lackluster Despite Positive OPEC+ Meeting

Oil prices fell on Thursday, a day after OPEC+ delayed its planned output increase by three months to April 2025, and extended the full unwind of production cuts by a year until the end of 2026. The organization also unveiled several other key decisions including the extension of baselines for all countries by a year to end-2026. Brent crude for February delivery fell 1.3% to trade at $71.16 per barrel at 11.30 am ET while WTI crude for January delivery fell 1.5% to $67.32 per barrel   And now commodity analysts at Standard Chartered have…