RTRS: Oil falls more than $1/bbl ahead of OPEC meeting
SINGAPORE (Reuters) - Oil fell more than $1 a barrel to below $54 on Friday, as OPEC ministers prepared to meet in Cairo on Saturday to discuss falling prices and another potential supply cut amid weakening oil demand.
U.S. light crude for January delivery fell to $53.35 a barrel by 1:48 a.m. GMT (8:48 p.m. EST), down $1.09 versus Wednesday's close.
The NYMEX trading floor was closed on Thursday due to the U.S. Thanksgiving holiday.
London Brent crude was down 41 cents a barrel at $52.72, having settled 79 cents lower on Thursday.
(Reporting by Maryelle Demongeot; Editing by Ben Tan)
