On September 18, 2024, the price of Brent crude oil futures for November on the London ICE Futures exchange fell by 0.07%, to $73.65 per barrel. WTI crude oil futures for November on the electronic trading of the New York Mercantile Exchange (NYMEX) fell by 0.11%, to $69.88 per barrel, News.Az reports.

Crude oil markets are under increasing downward pressure, with a breakdown in prices pointing to further weakness ahead, News.Az reports.

The international banking and financial services corporation of the Netherlands, ING ( Internationale Nederlanden Groep ), has updated its forecast on the average price of Brent standard oil, News.Az reports.

Since August 27, Iraq has reduced oil exports to 3.3 million barrels per day in accordance with the decisions of the OPEC + alliance. An additional reduction in oil production by 2.2 million barrels per day will last until the end of November, says Iraqi Oil Ministry, News.Az reports