4 September 2025, 04:50  Oil: Brent Slips on Supply Concerns.

Brent crude oil futures fell toward $67 per barrel on Thursday, extending a 2.2% decline from the previous session amid concerns that OPEC+ may increase supply. Reports indicate the cartel will discuss new production hikes at its policy meeting this weekend. The move, aimed at regaining market share, could lead the group to start unwinding 1.65 million bpd of output cuts, which is roughly 1.6% of global demand. OPEC+ had previously agreed to raise output targets by 2.2 million bpd between April and September, plus 300,000 bpd for the UAE, but actual gains have lagged due to past overproduction adjustments and capacity limits in some members. Adding to bearish pressure, US crude inventories rose by 0.6 million barrels last week, defying expectations of a 3.4 million-barrel draw, signaling weaker demand and higher supply. Fuel demand prospects were further clouded by economic data showing a slowdown in the US.

© 1999-2026 Forex EuroClub
All rights reserved