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Barchart
Barchart
Rich Asplund

Crude Prices Sink on the Outlook for Higher OPEC+ Oil Production

November WTI crude oil (CLX25) today is down -2.31 (-3.51%), and November RBOB gasoline (RBX25) is down -0.0468 (-2.35%).

Crude oil and gasoline prices are sharply lower today due to the outlook for OPEC+ to increase its crude production levels for November, which is expected to boost global oil supplies.  Bloomberg reported today that OPEC+ is considering raising its crude output level by +137,000 bpd, starting November 1.

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