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Oil dips as Iraq exports rise amid demand concerns
Yahoo Finance·2025-09-22 01:22

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled marginally lower on Monday as concerns of an oversupply outweighed geopolitical tensions in Russia and the Middle East. Brent crude oil futures settled 11 cents, or 0.2%, lower at 66.57abarrel.Theglobalbenchmarkhastradedbetween66.57 a barrel. The global benchmark has traded between 65.50 and 69sinceearlyAugust.U.S.WestTexasIntermediatecrude(WTI)contractforOctober,expiringonMonday,closeddownat69 since early August. U.S. West Texas Intermediate crude (WTI)contract for October, expiring on Monday, closed down at 62.64 a barrel, down 4 cents, or 0.1%. The more actively traded second-month co ...