Crude oil futures continued to decline, due to the outlook of OPEC Plus increasing production.
September 2, 2024, 10:16 AM GMT+9 (excerpt)
Asian crude oil futures have been declining since last weekend. Against the backdrop of sluggish demand in the US and China, it is expected that OPEC members and non-members such as Russia forming 'OPEC Plus' will increase production from October.
As of after 9 a.m. Japan time, North Sea Brent futures were $0.57 (0.7%) lower at $76.36 per barrel. U.S. WTI futures were $0.50 (0.7%) lower at $73.05.
Last week, North Sea Brent fell by 0.3% and WTI fell by 1.7%.
According to multiple sources, OPEC Plus plans to proceed with the scheduled increase in production of 180,000 barrels per day from October.
As of after 9 a.m. Japan time, North Sea Brent futures were $0.57 (0.7%) lower at $76.36 per barrel. U.S. WTI futures were $0.50 (0.7%) lower at $73.05.
Last week, North Sea Brent fell by 0.3% and WTI fell by 1.7%.
According to multiple sources, OPEC Plus plans to proceed with the scheduled increase in production of 180,000 barrels per day from October.
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