Oil Futures Waver With OPEC+ Meeting, Saudi OSPs in Focus
Oil futures and Brent crude moved in narrow ranges in early trade Monday.
Stay updated with breaking news from Corn Ethanol. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oil futures and Brent crude moved in narrow ranges in early trade Monday.
WTI futures on the NYMEX rallied more than 3% in midmorning trade Monday after OPEC and Russia-led partners agreed to continue increasing oil production in measured steps next month.
Oil futures and Brent crude were mostly lower, with the crude contracts declining after European manufacturing data recorded a sharp deceleration of growth in September.
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange settled Friday's session higher.
Oil futures and Brent crude extended losses into the fourth consecutive session early Tuesday.