Monday, September 27, 2021

Oil prices fall more than three percent

Oil prices on Monday fell more than three percent. The crude prices fell after OPEC+ overcame internal divisions and agreed to boost output. Oil prices logged sharp declined amid worries of crude surplus as COVID-19 infections rise in many countries.

In intra-day trade, Brent crude prices were trading around 71 dollars and 30 cents per barrel while WTI crude prices were around 69 dollars and 50 cents per barrel.

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