West Texas Intermediate (WTI) Oil price falls for the second successive session, trading around $72.50 per barrel during Monday’s Asian hours.
WTI price depreciates as Eight
+ members are set to raise production by 180,000 barrels per day next month as part of a strategy to begin unwinding their most recent reduction of 2.2 million bpd, while maintaining other cuts until the end of 2025. However, the decline in crude Oil prices may be limited due to supply concerns stemming from export disruptions in Libya's Oilfields caused by a standoff between factions.
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