9/1, 3:34 PM (Source: TeleTrader)
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Oil slips 1% ahead of OPEC+ meeting

Prices of oil lost more than 1% on Wednesday ahead of the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies (OPEC+).

The cartel is reportedly likely to keep unchanged the plan to add 400,000 barrels per day each month until the end of the year.

West Texas Intermediate (WTI) for October delivery dropped 1.55% to sell for $67.44 per barrel at 9:24 am ET, and international benchmark Brent for settlements in November slid 1.28% to go for $70.69 per barrel a minute later.

Breaking the News / BU