Reported 4 months ago
Oil prices fell for a third consecutive day as oversupply concerns were highlighted before an upcoming OPEC+ meeting, with Brent crude near $82 and West Texas Intermediate below $78 a barrel. The market is anticipating potential output cuts from OPEC+ members, including the possibility of restrictions lasting into 2025. Traders are also monitoring signals of increased US consumption during the summer driving season.
Source: YAHOO