Oil fell for a second day in the lead up to an OPEC+ meeting that’s expected to deliver another substantial production hike, while President Donald Trump’s latest tariff threats dented wider risk appetite.
West Texas Intermediate slid below $67 a barrel, extending its 0.7% drop on Thursday. The cartel is considering speeding up its oil production revival even further, and will discuss a hike of more than 411,000 barrels a day for August at a meeting on Saturday, delegates said.
www.bloomberg.com
#Latest #Oil #Market #News #Analysis #July
