Oil
Oil falls to four-month low due to oversupply concerns
Oil prices recently fell by around 2 % to their lowest level in four months, continuing a run of four consecutive days of declines due to concerns about oversupply in the market ahead of a meeting of the OPEC+ group at the weekend.
10/3/2025
Brent crude oil futures fell by $1.20, or 1.8%, to $64.15 per barrel, the lowest level since 2 June. US West Texas Intermediate crude oil fell by $1.30, or 2.1%, to $60.48 per barrel, its lowest level since 30 May.OPEC+ may agree to increase oil production by as much as 500,000 barrels a day in November, three times the increase in October, as…
