Oil prices inched down amid mixed market signals on Tuesday:il prices inched down amid mixed market signals on Tuesday, with traders awaiting the outcome of an OPEC+ meeting this week. Brent crude futures fell 9 cents, or 0.13%, to $71.74 a barrel. US West Texas Intermediate crude fell 14 cents, or 0.21%, to $67.96. According to Qatar News Agency, sources from OPEC+ indicate that the group will extend its latest round of output cuts until the end of the first quarter at its Dec. 5 meeting. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies such as Russia, has been aiming to unwind the cuts in the first quarter of 2025, but the surplus supply outlook has weighed on prices. OPEC+ pumps about half the world's oil, making its decisions crucial to the global oil market. The anticipation surrounding the meeting has traders and analysts closely monitoring any developments that might affect pricing and supply dynamics.