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Oil Dips as Traders Zero in on Prospect of More OPEC+ Supplies
Yahoo Finance· 2025-09-29 09:37
Oil declined on signals that OPEC+ will hike production again in November, tempering a strong rally last week. Brent fell back below $70 a barrel after closing at the highest level since late July on Friday. The OPEC+ alliance led by Saudi Arabia is considering raising output by at least as much as the 137,000 barrel-a-day hike scheduled for next month, according to people familiar with the plans. Most Read from Bloomberg While such an increase could add supply to a market in which there’s already expec ...