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Oil Set for Large Weekly Loss Ahead of OPEC+ Meeting on Supply

Bloomberg•Thursday, October 2, 2025 at 11:33:13 PM
NegativeFinancial Markets
Oil Set for Large Weekly Loss Ahead of OPEC+ Meeting on Supply
Oil prices are facing a significant decline this week, marking the largest drop since late June. This downturn comes just before an OPEC+ meeting, where it's anticipated that more idle barrels will be reintroduced to the market. This situation raises concerns about oversupply, which could further impact prices and the overall market stability. Understanding these dynamics is crucial for investors and consumers alike, as they could influence energy costs and economic conditions.
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