Kuwaiti oil minister lowers oil prices

Kuwaiti Oil Minister Ali al-Omair's statement that OPEC members will not reduce the oil-extraction quota of 30 million barrels a day at a summit on November 27 made oil prices drop, Interfax reports.

Brent oil dropped by $0.25 (0.3%) to $82.09 per barrel. The cost of WTI oil lost $1.05 (1.26%) and totals $82.34.