Oil Stocks Plunge Tuesday
This is a Brent news story, published by Yahoo Finance, that relates primarily to ET news.
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•Why ExxonMobil, ConocoPhillips, and BP Stocks Dropped Today
70% Informative
OilPrice.com reports on a "plunge" below $ 75 a barrel in Brent crude prices.
WTI crude -- more popular in the U.S. -- is suffering a similar fall, down 3.8% at about $70.70 as of 10:30 a.m. ET .
OPEC+ is reported to be planning to increase production beginning in October , a move that would increase oil supplies and thereby lower oil prices.
China is the globe's biggest importer of oil, and manufacturing output in the Middle Kingdom has fallen to a six-month low.
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