Crude Oil Plummets to Lowest Since June

Crude oil benchmarks were trading even lower midday Wednesday, at prices lower than they’ve dipped for several months, even as OPEC+ emphasizes that it is committed to a calibrated increase in crude output, rejecting media speculation of a sweeping jump in inventory. Still, it involves additional supply, and as of the time of writing, that continued to put downward pressure in markets already showing signs of strain. The expanded cartel’s decision to add barrels amid soft demand has empowered the bears ...