Oil prices fell around 7 percent
Oil prices have fallen significantly, with Brent crude decreasing by 7% to $83.77 per barrel, marking the lowest level in three weeks. Meanwhile, West Texas Intermediate also dropped to $80.34, down by 5.1%. This decline came after OPEC+ countries decided to increase production by 188,000 barrels per day in September 2026, adding downward pressure on prices amid growing supplies.
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