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Oil prices dip for third day ahead of key OPEC+ meeting

Global oil prices continued their downward slide for a third consecutive day as investors waited for clarity from the upcoming OPEC+ meeting.

TAS News Service

info@thearabianstories.com

Friday, September 5, 2025

MUSCAT : Brent crude futures fell 23 cents, or 0.3 percent, to $66.77 per barrel, while U.S. West Texas Intermediate (WTI) crude dropped 19 cents, or 0.3 percent, to $63.29. The sustained decline comes amid market caution ahead of Sunday’s OPEC+ gathering, where producers will weigh supply adjustments against global demand signals.

U.S. crude inventories rose unexpectedly last week by 2.4 million barrels, according to government data. Analysts had forecast a drop of about 2 million barrels, but refineries entering maintenance season contributed to the surprise stockpile increase.

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