U.S. oil retreats to one-week low as top U.S. and Russian officials discuss stabilizing current market

U.S. crude oil prices maintained their oscillating downward trend in the European session on Friday (Nov. 12). U.S. oil fell $1.19, or 1.47%, while Brent crude fell $0.95, or 1.04%, during the day. Earlier it was reported that during the 26th United Nations Climate Change Conference (COP26), energy ministry officials