Oil slips as OPEC+ weighs output boost for tight market - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Thursday, 30 September 2021

Oil slips as OPEC+ weighs output boost for tight market

Oil prices dropped on Friday on the prospect that the OPEC+ supplier alliance might step up a planned increase in output to ease supply concerns, with soaring gas prices spurring power producers to switch from gas to oil. U.S. West Texas Intermediate (WTI) crude futures slipped 5 cents to $74.98 a barrel at 0153 GMT, though the contract remained on track to post its sixth consecutive week of gains.

from Commodities-Markets-Economic Times
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