Oil Extends Slide as OPEC Supply, US Shutdown Weigh on Markets

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Oil at the lowest since May, the prospect of an overabundance weighs Admin FCE 02 Oct 2025 - 21:20 Oil prices continued to fall on Thursday to reach a higher level for almost five months due to the expectation of a further increase in Opep+ production.The price of the Brent barrel of the North Sea, for delivery in December, has lost 1.90% to 64.11 dollars, at the lowest since the beginning of May.His American equivalent, the barrel of West Texas…

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Oil prices for the third consecutive day fell to the lowest level in 16 weeks at the Wednesday settlement, with government closures in the United States fuelling fears about the economy. Brent's future contracts declined 68 cents, equivalent to 1.0 per cent to be recorded at the 65.35 bucks a barrel, while West Texas's US broker's crude fell 59 cents, or 0.9 per cent to $61.75.