Oil prices ended on a mixed note Tuesday as traders awaited a meeting by the world's major oil producers to see their next move on output cuts.
The West Texas Intermediate (WTI) for January delivery increased 14 U.S. cents to settle at 56.10 dollars a barrel on the New York Mercantile Exchange. Brent crude for February delivery shed 10 cents to close at 60.82 dollars a barrel on the London ICE Futures Exchange.
A meeting of the Organization of the Petroleum Exporting Countries (OPEC) is scheduled for Thursday, while the broader OPEC+ group is due to meet on Friday.
Market participants and analysts speculated that producers are likely to keep or deepen current production curbs to support oil prices.
In July, OPEC and Russia, together with other non-OPEC members, agreed to extend a production cut of 1.2 million barrels a day for nine months.
Editor:Cherie
