Oil prices drop 2% on expected global supply growth
Petrol
LONDON :Oil prices fell by nearly 2 per cent on Monday as OPEC+ plans for another increase to oil output in November and the resumption of oil exports by Iraq's Kurdistan region via Turkey raised the global supply outlook. Brent crude futures dropped $1.13, or 1.6 per cent, to $69.00 a barrel by 1154 GMT after settling at their highest since July 31 on Friday. U.S. West Texas Intermediate crude was down $1.22, or 1.9 per cent, at $64.50. The Organization of the Petroleum Exporting Countries and
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