Oil falls 1% on Opec+ oversupply

Some Opec+ members would need to cut output by an extra 2.31 million bpd to make up for recent oversupply

Oil price: Brent crude fell 47 cents to $44.90 a barrel — Oil price: Brent crude fell 47 cents to $44.90 a barrelPhoto: REUTERS/SCANPIX

Reuters

US production Americas North America

Published 20 August 2020, 21:28Updated 20 August 2020, 21:28