Oil prices dropped on Wednesday as OPEC+ members discussed potentially delaying a planned output increase in October. Concerns about weakening global demand and the potential resumption of Libyan oil exports fueled the decline. The news followed a broader sell-off in world markets driven by weak economic data from the U.S. and China.
Brent crude oil prices have faced significant selling pressure, dropping to $77.21 per barrel due to increased supply forecasts from OPEC+ members and weak demand signals from major economies. While Libya’s production disruptions offer some temporary support, the overall market sentiment remains bearish.
