Oil Extends Losses on Expected OPEC+ Supply Boost

Oil prices extended losses on Monday on expectations of higher OPEC+ production from October while signs of sluggish demand in China and the United States raised concerns about future consumption growth. Brent crude futures were down 56 cents, or 0.7%, at $76.37 a barrel, while US West Texas Intermediate crude slipped 45 cents, or 0.6%, to $73.10. Brent and WTI had lost 0.3% and 1.7% respectively last week. Source: Qatar News Agency