Oil Falls More Than 1% as OPEC+ to Consider Another Output Hike
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Oil prices fell 1.5% on Thursday, adding to their more than 2% decline the previous session, as investors awaited a weekend meeting of OPEC+ at which producers are expected to consider another increase in output targets.
Brent crude fell $1, or 1.5%, to $66.59 a barrel by 1104 GMT, while U.S. West Texas Intermediate crude shed $1, or 1.6%, to $62.95 a barrel.
Eight members of the Organization of the Petroleum Exporting Countries and allies - known together as OPEC+ - will consider further increases to production in October at a meeting on Sunday, two sources...
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