Page 6 - Murban News Today

LONDON :Oil prices fell on Monday, with the Brent benchmark dropping near $80 a barrel as investors awaited this week's OPEC+ meeting and expected curbs on supplies into 2024.Brent crude futures were down 35 cents, or 0.4 per cent, at $80.23 a barrel by 1447 GMT. U.S. West Texas Intermediate (WTI) crude futur

With futures well down from September highs, widely watched timespreads for global benchmark Brent and U.S. counterpart West Texas Intermediate have softened, signaling ample supply, while U.S. stockpiles have jumped.

SINGAPORE: Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors awaited the OPEC+ meeting later this week for an agreement to curb supplies into 2024.

Oil prices fell on Monday, with the Brent benchmark dropping near $80 a barrel as investors awaited this weeks OPEC+ meeting and expected curbs on supplies into 2024. Brent crude...

Brent crude futures were down 35 cents at $80.23 a barrel by 1447 GMT, while U.S. West Texas Intermediate crude futures lost 29 cents to $75.25

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Brent crude futures were down 52 cents, or 0.65%, at $80.06 a barrel by 01:17 p.m. ET (1817 GMT), while US West Texas Intermediate (WTI) crude futures lost 54 cents, or 0.7%, to $75. Both contracts lost $1 in early trading.

The United Arab Emirates is set to increase the exports of its flagship crude grade as its OPEC+ production quota will climb.

Over the past month, oil prices have shed some $10 per barrel and WTI even started to see contango as market sentiment soured, developments that will inevitably lead to lower Middle East OSPs in December