"We have a lot of weakness...no vaccine, no stimulus, and the very real possibility of a contested election in a couple days, and a stock market that won't react positively to that," said Bob Yawger, director of energy futures at Mizuho.
The Organization of the Petroleum Exporting Countries and allies, known as Opec+, are planning to increase production by 2 million bpd from January after record output cuts this year. Russian President Vladimir Putin, speaking last Thursday, did not rule out extending the cuts for longer.
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