WTI Crude Oil Steady as OPEC Meeting Underway

Oil prices are trading a tad weaker with the OPEC meeting underway.

No official word has been made so far, keeping oil prices mixed for the moment.

With President Trump postponing trade talks with China, investor sentiment fell.

Demand for crude oil in the coming months remains a big concern for traders.

Meanwhile, the weekly US oil inventories saw a drawdown, which helped to stem the commodity from posting further losses.

For now, further downside could see oil prices retesting the 42.00 handle. But a close below this level might put the commodity back into the range of 42 and 41.