Both Brent and WTI have posted losses for two months due to US and Chinese demand concerns
– Oil prices extended losses on Monday on expectations of higher OPEC+ production from October while signs of sluggish demand in China and the United States raised concerns about future consumption growth.
Eight OPEC+ members are scheduled to boost output by 180,000 barrels per day in October as part of a plan to begin unwinding their most recent layer of supply cuts of 2.2 million bpd while keeping other cuts in place until the end of 2025. Both Brent and WTI have posted losses for two consecutive months as US and Chinese demand concerns have outweighed recent disruptions in Libyan oil supply and supply risk related to conflict in the Middle East.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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