Oil prices declined in today's trading. Brent Crude is currently trading -0.69% at USD81.77 - a new four-year low, WTI Crude lost -0.54% and is trading at USD76.89.

A weakening global demand, a stronger U.S. dollar and no indication on the OPEC to cut output in order to support oil prices are weighing on the market. The next meeting of OPEC, whose 12 members supply about 40 percent of the world's oil, oil ministers is scheduled on Vienna on November 27th.