Oil Prices Dip as Supply Pressure Builds ...Middle East

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Oil Prices Dip as Supply Pressure Builds
source : OILPRICE ( Middle East ) () 68
Oil prices retreated in early Asian trade on Monday, edging lower after the resumption of crude exports from Iraq’s Kurdistan region and growing expectations that OPEC+ will approve another production increase in November. The developments added to concerns of rising supply in an already delicate market. At the time of writing, WTI crude was trading at $65.16 per barrel, down 0.85%, while Brent crude was priced at $69.61 per barrel, a decline of 0.74%. Both benchmarks gave back ground after strong gains last week, when escalating geopolitical…

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