Reported about 1 month ago
Oil prices saw a significant downturn as traders anticipated OPEC+ proceeding with planned output increases for the fourth quarter, despite supply disruptions in Libya. West Texas Intermediate crude fell 3.1% to $73.55 a barrel, while Brent marks its first consecutive monthly loss this year. Amidst these fluctuations, positive revisions in U.S. economic growth data and low crude inventories provided some optimism, yet concerns about China's demand continue to overshadow the market.
Source: YAHOO