Brent slumps over 6% to $58.45/b in London Concern on oversupply weigh on sentiment OPEC set for crunch meeting on December 6 London — OPEC is showing no public signs of panicking to the largest weekly plunge in oil prices since 2016, with five senior sources telling S&P Global Platts that the organization has not discussed any plans for an extraordinary meeting in the coming days. Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE Brent crude futures crashed through the $60/b mark Friday as the market’s bearish mood continued to gather momentum in a holiday-thinned trade with low liquidity amplifying the slide. That was amid expectations of oversupply as talk turned to whether OPEC and Russia can bring production levels down quickly enough in the months ahead. At one point in afternoon European trading Friday, Brent crude fell more than 6% to $58.45/b, the […]