WTI oil futures from the United States for delivery in September, which expired on Monday, down 54 cents, or 0.6%a u$s90.23. The October contract was down 4 cents, or 0.1%, at $90.41 a barrel.
Saudi Arabian Minister of EnergyPrince Abdulaziz bin Salmansaid that the OPEC+ it has the commitment, flexibility and means to face challenges and provide guidance, including a cut in production, at any time and in different forms, state news agency SPA reported.
In the meantime, US, UK, French and German officials discussed efforts to revive the 2015 Iran nuclear dealthe White House said on Sunday, which could allow Iranian oil under sanctions to return to global markets.
The US State Department said it sees a nuclear deal closer now than it did two weeks ago.
Earlier in the session, the concerns that aggressive interest rate increases of the United States Federal Reserve (Fed) could lead to a global economic slowdown and a slump in fuel demand took a toll on barrel prices.
Investors will be watching closely on Friday for comments from Fed Chairman Jerome Powell, when he delivers a speech at the annual conference of the heads of the big central banks in Jackson Hole.
Source: Ambito
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