# Oil slips 1% on concerns over delayed OPEC+ meeting By Reuters

> Oil dipped about 1% on Nov 23 as OPEC+ postponed its ministerial meeting to Nov 30, with members Angola and Nigeria pushing for higher output. Brent fell to $81.28 and WTI to $76.35 after sharp intraday losses.

- Date: 2023-11-23 · published 2023-11-23T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/33339-oil-slips-1-on-concerns-over-delayed-opec-meeting-by-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Doubt over OPEC+ supply discipline weighs on crude prices, which lowers diesel costs but also weakens the outlook for biofuel demand.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-08-05 | [Oil prices fall as OPEC+ output hikes counter Russia disruption concerns \| Reuters](https://feedsoft.ai/events/23233-oil-prices-fall-as-opec-output-hikes-counter-russia-disruption-concerns-reuters.md) | -3.4% | -1.7% |
| WTI | 2020-04-06 | [Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar \| Reuters](https://feedsoft.ai/events/53814-oil-falls-after-saudi-arabia-russia-delay-meeting-cushing-stockpiles-soar.md) | -21.1% | -13.4% |
| WTI | 2025-11-28 | [Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting \| Reuters](https://feedsoft.ai/events/22135-oil-falls-on-drawn-out-ukraine-peace-talks-all-eyes-on-upcoming-opec-meeting.md) | +1.7% | -3.6% |
| WTI | 2017-08-22 | [As Compliance Slips, OPEC Decides To 'Reconsider' Output Deal \| OilPrice.com](https://feedsoft.ai/events/69356-as-compliance-slips-opec-decides-to-reconsider-output-deal-oilprice-com.md) | -2.0% | +4.5% |
| WTI | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -1.6% | +9.9% |
| BRENT | 2025-08-05 | [Oil prices fall as OPEC+ output hikes counter Russia disruption concerns \| Reuters](https://feedsoft.ai/events/23233-oil-prices-fall-as-opec-output-hikes-counter-russia-disruption-concerns-reuters.md) | -3.1% | -2.2% |
| BRENT | 2020-04-06 | [Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar \| Reuters](https://feedsoft.ai/events/53814-oil-falls-after-saudi-arabia-russia-delay-meeting-cushing-stockpiles-soar.md) | -12.0% | -18.2% |
| BRENT | 2025-11-28 | [Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting \| Reuters](https://feedsoft.ai/events/22135-oil-falls-on-drawn-out-ukraine-peace-talks-all-eyes-on-upcoming-opec-meeting.md) | +0.1% | -2.4% |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/oil-down-1-on-bearish-view-of-delayed-opec-meeting-3241748
- reuters.com: https://www.reuters.com/business/energy/oil-down-1-bearish-view-delayed-opec-meeting-2023-11-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.