Brent Crude prices failed to hold onto the $70 per barrel handle for more than a day, dipping by 2% early on Monday as the market focused on imminent supply increases. As of 7:28 a.m. EDT on Monday, Brent Crude prices were down by 1.74% at $68.87, after hitting $70 per barrel on Friday, the highest level in nearly two months. The U.S. benchmark, WTI Crude, slipped below $65 per barrel and traded down by 2.02% at $64.36. More supply to the market, coming from Iraq’s semi-autonomous region of Kurdistan, a ...

LIVE Dow Set to Open Up as Investors Weigh Shutdown Risk Last Updated: 9 min ago Oil Prices Slide on Oversupply Concerns By George Glover Oil prices were tumbling on Monday after a report said that the OPEC+ cartel was likely to approve another production hike, sparking concerns about excess supply. The Brent international benchmark fell 1.4% to $68.25 a barrel, and West Texas Intermediate U.S. crude was down 1.6% to $64.69 a barrel. OPEC+ is likely approve another oil production increase of at least 137,00 ...

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 $66.57 a barrel. The global benchmark has traded between $65.50 and $69 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 ...

Oil prices ended the week slightly lower as U.S. inventory builds and oversupply fears outweighed the Federal Reserve’s long-awaited interest rate cut. oil oil oil oil oil oil oil gas gas Friday, September 19, 2025 The long-anticipated US Federal Reserve interest rate cut has failed to deliver a new bullish boost to oil prices, as the news was quickly offset by larger-than-usual US inventory builds and recurring concerns about OPEC+ policy leading inevitably to oversupply next year. Oil prices ar ...