Oil heads for biggest monthly loss this year before OPEC+ meet
The Organization of Petroleum Exporting Countries and its allies will meet on Wednesday to assess the market, which saw turbulence in August. The US benchmark is down more than six percent this month.
BY SHARON CHO, BLOOMBERG
Oil headed for the biggest monthly loss since October as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the US after Hurricane Ida.
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