Oil Prices Fall for a Third Straight Month as OPEC+ Considers Boosting Output ...Middle East

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Oil Prices Fall for a Third Straight Month as OPEC+ Considers Boosting Output
source : OILPRICE ( Middle East ) () 71
Weak factory activity in China, a stronger U.S. dollar, and reports that OPEC+ is going to add more barrels to production in December have combined to push oil prices lower, setting them on a course to their third monthly decline in a row. At the time of writing, Brent crude was trading at $64.61 per barrel, with West Texas Intermediate at $60.16 per barrel. That’s down from over $67 per barrel for Brent crude and $62 per barrel for WTI at the end of September. “The market is now watching this weekend’s OPEC+ meeting and discussions…

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