Reported about 1 month ago
Oil prices saw a slight uptick after hitting a nine-month low, as OPEC+ considers delaying its plans to increase production. Brent crude climbed above $74 a barrel following a significant drop, while West Texas Intermediate rose slightly after falling below $70. Economic data from China and the US raised concerns about demand, particularly after political turmoil in Libya disrupted oil supply. OPEC+ discussions are ongoing to potentially postpone the planned output increase for October, as market sentiment remains weak.
Source: YAHOO