29 Sep 2025 | 5 Mins Read
Oil prices drop due to OPEC+ supply concerns
Flipitmoney
Oil prices declined as OPEC+ considers increasing production by at least 137,000 barrels/day in November, following a potentially lower-than-expected hike of 137,000 barrels/day in October. Brent fell below $70 a barrel and WTI was near $65 due to concerns of a 2026 record glut, with Goldman Sachs Group Inc. projecting Brent to fall to the mid-$50s by next year.