Oil Prices Set for Sharpest Weekly Decline Since June Ahead of OPEC+ Meeting

Crude oil prices were on course to book their steepest decline in four months following reports that OPEC+ was about to extend its production boost for another month at its Sunday meeting. At the time of writing, Brent crude was trading at $64.53 per barrel, with West Texas Intermediate at $60.86 per barrel. Both were up slightly from Thursday’s close but had been trending lower since Monday, with Brent crude shedding 8.3% since the start of the week and WTI declining by 7.6%, according to Reuters. The ...