Oil Prices Continue to Fall To Levels Not Seen In Weeks

Crude oil prices continued their fall on Tuesday, with WTI now dipping to levels not seen since before the OPEC+ meeting. The November contract for WTI crude fell to $83.22 per barrel on Tuesday afternoon—sliding 2.64% from Monday. The last time WTI was this low was days before OPEC+ met, when the group decided to cut 2 million barrels per day from its production targets starting in November. The price dip is in part attributed to talks about releasing more barrels from the U.S. Strategic Petroleum Reserves. Initial reports suggested that…