Fetching News Details
Hurricane Delta and the Norwegian Crisis lead to a 1% fall in the oil price. The Brent crude fell 41 cents to $42.44 a barrel and WTI was down by 42 cents to $40.18. Libya’s’ increased production & US elections are expected to disrupt the market more. Amidst this, hope came from OPEC+, as they agreed to reduce oil output by 7.7 million BPD in order to rebalance the market.