Reported about 1 month ago
Oil prices continued to drop as investors reacted to the prospect of higher OPEC+ production set to begin in October, juxtaposed against a significant decline in Libyan output due to supply disruptions. Brent crude fell to $76.36 and U.S. West Texas Intermediate to $73.05 amid concerns over sluggish demand in both China and the U.S. Market analysts note that economic challenges may compel OPEC to reconsider its planned increase in output.
Source: YAHOO