Brent rises from a drop below $80 in Asian trading

Oil prices are lower this morning, as the markets continue mull the prospect of what, if anything will emerge from the OPEC meeting later this week. That is now scheduled to take place on November 30. This was put back last week, following disagreement and dispute over some members quota obligations and talk of those being exceeded. The better news emerging from Gaza seems to be grabbing the headlines still this morning and that has weighed on the price action of January Brent crude. The price fell to $79.76 a little earlier, but it has just now managed to recover from that low point and is currently trading back above $80, right now at $80.20