WTI crude slips toward $63 on opec+ supply talks

WTI crude futures fell toward $63 per barrel as reports suggested OPEC+ may consider another supply increase at its upcoming meeting. Losses were partly cushioned by President Trump?s proposed 20-point Gaza peace plan and the resumption of oil exports from Iraq?s Kurdistan region after a two-and-a-half-year halt. On MCX, October crude oil futures traded 0.4% lower at ₹5588 per barrel. The potential risk of a US government shutdown added demand concerns, while uncertainty remains over Hamas? response to the Gaza peace proposal. Oil traders now await OPEC+?s meeting outcome for fresh supply cues.

Powered by Commodity Insights