Due to the uncertainties surrounding the OPEC+ production plan and the Israel-Hezbollah ceasefire agreement, crude oil futures declined in light trading after the holiday.

Brent fell by 1.3%, closing below $72 per barrel; WTI crude oil closed at $68 per barrel.

Although Israel and Hezbollah accuse each other of violating the ceasefire agreement, the agreement seems to have eased the situation.

The end of the dollar's eight-week upward trend makes commodity prices more attractive when priced in dollars.

Facing expectations of oversupply next year, OPEC+ is deciding whether to resume production.

OPEC+ has postponed the online meeting on production issues to December 5, but representatives of the organization indicated earlier this week that consultations on delaying action had begun.

Rebecca Babin, Senior Energy Trader at CIBC Private Wealth Group, said, "The market seems unconcerned about the postponement of the OPEC+ meeting, indicating that there are concerns about internal disagreements within the group."

Volume declined due to the Thanksgiving holiday on Thursday, with approximately 2.76 million WTI contracts traded in the US this week, about two-thirds of the average weekly trading volume over the past year.

The WTI crude oil futures delivered in January fell by 1% from Wednesday's closing price, with a settlement price of $68 per barrel.

Due to the USA holiday, there was no settlement for futures on Thursday.

Brent crude oil futures for delivery in February fell by 1.3%, with a settlement price of $71.84 per barrel.