02 Oct 2025 | 3 Mins Read
Oil prices decline on fourth day due to oversupply
Flipitmoney
Oil prices edged lower due to concerns about oversupply and OPEC+'s potential to raise production by 500,000 barrels per day. Brent fell 0.8% to $64.83 per barrel, hitting its lowest level since June. US WTI crude retreated 0.8% to $61.26 per barrel, driven by uncertainty over the global economic outlook and expectations of higher oil output.