Crude oil futures fall, ahead of OPEC plus meeting

Oil drops as weak China factory data fan demand concerns

Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.

Oil prices drop by 63 cents to $103.34 ahead of OPEC+ meeting on Aug 3

Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments

Oil prices slip ahead of OPEC+ meeting

ANZ analysts said fuel sales to drivers in Britain are waning, while gasoline demand remains below its five-year average for this time of the year. Reflecting this, analysts in a Reuters poll reduced for the first time since April their forecast for 2022 average Brent prices to $105.75 a barrel, and to $101.28 for WTI.

Oil prices slip ahead of OPEC+ meeting

SINGAPORE : Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.Brent crude futures dropped 63 cents, or 0.6 per cent, to $103.34 a barrel by 0000 GMT. U.S. West Texas Intermediate crude was at $97.87 a barrel,

U.S. Stocks Poised to Fall

The economic highlight of the week will be the Bureau of Labor Statistics’ jobs report for July, coming out on Friday morning.

Oil Plunges As China Slowdown Spurs Concern Over Demand Outlook

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