WTI crude oil futures finish lower for a second consecutive session despite a late-day bounce

December WTI Crude Oil futures opened lower and briefly dropped below $60, but bounced off the lows to finish the session negative for the second straight day, and the fifth session in the last eight. The primary drivers for the asset weakness include a slump in equity markets, curbing confidence in the economic outlook and energy demand, as well as the OPEC+ decision to pause the unwinding of output cuts, signaling a desire to regain market share.