Oil prices drop ahead of OPEC meeting

NEW YORK, Nov. 20 (Xinhua) -- Oil prices declined on Monday as investors became cautious ahead of an OPEC (Organization of the Petroleum Exporting Countries) meeting next week.

The West Texas Intermediate for December Delivery lost 0.46 dollar to settle at 56.09 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery erased 0.50 dollar to close at 62.22 dollars a barrel on the London ICE Futures Exchange. Enditem