Oil prices retreat ahead of OPEC meeting

NEW YORK, Nov. 27 (Xinhua) -- Oil prices declined Monday as investors awaited the OPEC (Organization of the Petroleum Exporting Countries) meeting scheduled to begin Thursday.

The West Texas Intermediate for January delivery decreased 0.84 U.S. dollar to settle at 58.11 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery dipped 0.02 dollar to close at 63.84 dollars a barrel on the London ICE Futures Exchange.