Oil fell as pressure mounted on OPEC+ to boost production when it meets this week and China released reserves of diesel and gasoline.
Global benchmark Brent lost 0.6% in early Asian trade after surging more than 7% last month as inventories sank. Speaking in Rome after a Group of 20 leaders’ summit on Sunday, U.S. President Joe Biden criticized Saudi Arabia and Russia for their inadequate response to managing energy supply, while stopping short of saying what he planned to do if producers don’t raise output.
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November 01, 2021 at 05:43AM
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Latest Oil Market News and Analysis for Nov. 1 - Bloomberg
"Oil" - Google News
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