Crude oil hovers at $80 a barrel as Opec+ prepares to meet

Investors are waiting for Thursday's meeting of the producers group, and the anticipated curbs on oil supplies next year

Oil prices continue to come under scrutiny as the eurozone prepares to publish inflation numbers for November later this week. Stock picture

Global crude oil prices fell, with the price of Brent crude hovering around $80 a barrel as investors awaited this week’s meeting of the producers group Opec+ and expected curbs on supplies next year.

Brent crude price fell to $80.20 a barrel which had tumbled last week when Opec+ — which includes the Organisation of the Petroleum Exporting Countries and allies including Russia — postponed to this Thursday a ministerial meeting to iron out differences on production targets for African producers.