Following reports on the progress of Sino US trade dispute settlement, OPEC and other oil producing countries including Russia may not seek to further cut crude oil production, which ended lower on November 11 after international crude oil shocks. New York Mercantile Exchange West Texas light oil futures settlement price in December 2019 was $56.86 per barrel, down $0.38/barrel, or 0.7%, compared with the previous trading day, with a trading range of $56.25-57.4 per barrel; London Intercontinental Exchange Brent crude oil futures settlement price in January 2019 was $62.18 per barrel, down $0.33/barrel, or 0.5%, compared with the previous trading day, with a trading range of $61.57-62.76 Buckets.