Markets move
Crude futures fell Brent 15 cents (0.2 percent) to $74.93 per barrel by 0106 GMT, while US West Texas Intermediate crude fell 14 cents, or 0.2 percent, to $71.33 per barrel, according to Reuters data.
“We are now in the calm before the storm,” said Tony Sycamore, market analyst at IG, adding that investors are focused on an outcome American elections The meeting of the National People’s Congress in China Who may announce more stimulus measures.
Oil prices received support from the announcement by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, on Sunday to postpone the production increase for a month from December, amid weak demand and rising supplies from outside the country. OPEC.
