Dhaka, Aug. 30 -- Oil prices fell on Friday as traders looked toward weaker demand in the US, the world's largest oil market, and a boost in supply this autumn from OPEC and its allies.
Brent crude futures for October delivery, which expired on Friday, settled at $68.12 a barrel, down 50 cents, or 0.73 per cent. The more active contract for November finished down 53 cents, or 0.78 per cent, at $67.45, according to Reuters.
West Texas Intermediate crude futures settled at $64.01, down 59 cents, or 0.91 per cent.
The market was in part shifting its focus toward next week's OPEC+ meeting, said Tamas Varga, analyst at PVM Oil Associates.
Crude output has increased from the Organisation of the Petroleum Exporting Countries and its allies, ...
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