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Crude futures fell Brent 33 cents, or 0.3 percent, to $95.44 a barrel, by 0054 GMT.
while soaring US West Texas Intermediate crude futures contracts to $89.13 a barrel, and increased by $2.26, or 2.6 percent, from Friday’s close. The markets were closed in the United States yesterday, Monday, due to Labor Day holiday.
The Organization of Petroleum Exporting Countries (OPEC)OPECAnd allies led by Russia, called OPEC +, agreed to reverse a 100,000-bpd increase in September after Saudi Arabia and other members expressed concern about the decline in prices since June despite tight supplies.
Analysts said, did not expect the agreement even after she said Saudi Arabia It wants to support prices, the cut is mostly symbolic given that OPEC+ has not been able to meet its production targets.
In an additional price support, he said Josep Borrell The European Union foreign policy chief said he had become less optimistic about a quick agreement on Reviving the Iran nuclear dealWhich means delaying any return of about one million barrels per day of Iranian crude to the market.
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Crude futures fell Brent 33 cents, or 0.3 percent, to $95.44 a barrel, by 0054 GMT.
while soaring US West Texas Intermediate crude futures contracts to $89.13 a barrel, and increased by $2.26, or 2.6 percent, from Friday’s close. The markets were closed in the United States yesterday, Monday, due to Labor Day holiday.
The Organization of Petroleum Exporting Countries (OPEC)OPECAnd allies led by Russia, called OPEC +, agreed to reverse a 100,000-bpd increase in September after Saudi Arabia and other members expressed concern about the decline in prices since June despite tight supplies.
Analysts said, did not expect the agreement even after she said Saudi Arabia It wants to support prices, the cut is mostly symbolic given that OPEC+ has not been able to meet its production targets.
In an additional price support, he said Josep Borrell The European Union foreign policy chief said he had become less optimistic about a quick agreement on Reviving the Iran nuclear dealWhich means delaying any return of about one million barrels per day of Iranian crude to the market.