Creative of oil prices rising.
  • Oil prices fell on Thursday after OPEC delayed its meeting from November 26 to November 30.
  • It's set to take place virtually, suggesting members have made an agreement, says Anas Alhajji.
  • There could be additional cutbacks not anticipated by the markets, he added.  

As the US Thanksgiving holiday puts the stock market at a standstill, oil prices are still on the move.

West Texas Intermediate (WTI), a benchmark for oil prices, has been in free fall since Wednesday after OPEC members delayed a meeting from November 26 to the 30th that was set to determine crude oil supply output for 2024.