- US Crude Oil and Gasoline Stocks Fall – EIA
- China’s factory data disappoints
- OPEC+ examines production cuts
NEW YORK, Aug. 31 (Reuters) – Oil prices continued their decline on Wednesday, led by fears the global economy would slow further with renewed restrictions to contain COVID-19 in China.
October Brent crude futures expiring on Wednesday were priced at $96.49, down $2.82 a barrel, or 2.8%. The more active November contract lost $2.20 to $95.64 a barrel. US West Texas Intermediate (WTI)…