Key Points
TOKYO (Reuters) Oil prices climbed on Monday, reversing some of Fridays losses, as investors focused on a tight global supply outlook and a last-minute deal that avoided a U.S. government shutdown restored their risk appetite...
Brent November futures settled down 7 cents at $95.31 a barrel at the contracts expiry on Friday...
The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, is unlikely to tweak its current oil output policy when a panel meets on Wednesday, four OPEC+ sources told Reuters, as tighter supplies and rising demand drive an oil price rally...
Oil prices started the week on a strong note amid supply concerns with no policy change by OPEC+ expected, while the avoidance of a U.S. governments shutdown over the weekend gave some relief, said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities...
Amplifying supply fears, the U.S. oil and gas rig count, an early indicator of future output, fell by seven to 623 in the week to Sept. 29, the lowest since February 2022, energy services firm Baker Hughes said in its closely followed report on Friday...
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