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Commodity: Oil prices are falling

03/09/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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This Wednesday, oil prices fell by about 2% before an OPEC+ producers' weekend meeting which should consider a further increase in production targets in October.

Brent crude fell $1.16, or 1.7%, to 67.98 $ per barrel at 10:30 GMT. American West Texas Intermediate crude fell by $1.28, or 2%, at $64.31 per barrel.

Benchmarks increased by more than 1% in the previous session after the United States imposed de new sanctions to a network of companies maritime vessels and ships managed by an Iraqi-Kittitian businessman for smuggling Iranian oil disguised as Iraqi oil.

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