Crude oil futures prices dipped Monday after OPEC members signaled the cartel could wait until its mid-March meeting to make any production cuts.

Light, sweet crude for March delivery fell 81 cents to $45.67 a barrel in midday trade on the New York Mercantile Exchange. Heating oil dropped 3.22 cents to $1.242 a gallon.

Brent crude fell 67 cents to $43.22 on the International Petroleum Exchange.

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