Oil prices fell in early Asian trading on September 24, as Brent crude futures dropped 94 cents, or 0.9%, to $102.13 a barrel, while West Texas Intermediate crude fell 59 cents, or 0.7%, to $91.56.
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Oil prices fell in early Asian trading in Singapore on September 24, as Brent crude futures dropped 94 cents, or 0.9%, to $102.13 a barrel.
West Texas Intermediate crude futures fell 59 cents, or 0.7%, to $91.56.
The decline in both crude benchmarks came after oil prices rose about 4% in the previous session.
The OPEC+ alliance decided on Sunday to keep its oil production targets unchanged for November, as exports ranged between 60% and 80% of their normal levels over the past few months.
Fars News Agency said Iran’s Islamic Revolutionary Guard Corps Navy targeted 7 tankers over 5 days, including two Kuwaiti tankers and 3 tankers linked to the United Arab Emirates, while tracking data showed that oil tanker traffic through the Strait of Hormuz had virtually stopped since the evening of October 3, 2026.
Seven OPEC+ countries agreed to keep required oil production levels for November 2026 at September levels for a second consecutive month. Their next meeting is scheduled for Nov. 1, 2026.
The OPEC+ alliance has tentatively agreed to keep its oil output targets unchanged in November, according to three sources familiar with the matter, ahead of a meeting of seven alliance members on October 4, 2026, to review market conditions.
