Oil prices slid by more than 2% on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East and its impact on crude exports from the region.
Brent crude futures were down $1.49, or 2.08%, at $70.21 a barrel by 0840 GMT. US West Texas Intermediate crude futures lost $1.55, or 2.27%, to $66.62, Reuters reported.
A panel of top ministers from the OPEC+ producer group meets on Oct. 2 to review the market, with no policy changes expected. OPEC+, comprising the Organizations…
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