FILE PHOTO: A view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer/File Photo
LONDON: Oil prices fell to their lowest in a week on Monday after OPEC+ agreed to another large output increase in September, though traders remained wary of further sanctions on Russia.
Brent crude futures fell $1.55, or 2.2%, to $68.12 a barrel by 1254 GMT, their lowest since July 23, while U.S. West Texas Intermediate crude declined by $1.72, or nearly 2.6%, to $65.61.
