Oil sits $1 lower on OPEC’s October supply plans; Brent drops 2.5% in August
International crude oil prices retreated in the previous session as investors weighed expectations of a rise in supply by the Organization of the Petroleum Exporting Countries and allies (OPEC+) starting in October, along with dwindling hopes of a hefty US interest rate cut next month, following data showing strong consumer spending and economic growth. Brent … Read more