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Oil prices bounce back on lower output from US, OPEC+
Oct. 1, 2019
Source: Reuters

Oil prices bounce back on lower output from US, OPEC+

Oil prices jumped in the international market today, as global oil production fell in the third quarter. Brent crude futures LCOc2 climbed 0.7% to $59.69 a barrel. US West Texas Intermediate crude CLc1 rose 0.7%, to $54.46 a barrel. A Reuters survey showed a fall of 750,000 bpd in OPEC’s September output to 28.9 million bpd. Production at the United States and Russia also dipped in July and September, respectively.

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