Crude oil futures fell early on the first day of the week in Asian time trading. OPEC Plus, which consists of the Organization of Petroleum Exporting Countries (OPEC) and major non-member oil producing countries, is under increasing pressure to decide to increase production at the meeting on the 4th, and China is short of supply of diesel oil and gasoline. It has announced that it will release national stockpiles for mitigation.
North Sea Brent crude, a global indicator, fell 0.6%. It had risen by more than 7% last month against the backdrop of inventory decline. President Biden criticized Saudi Arabia and Russia for inadequate response in Rome on October 31 after the closing of the G20 summit.
US and energy consuming countries, OPEC Plus ready to increase production
The January contract for North Sea Brent futures on the London ICE is $ 83.23 a barrel at 7:02 am Singapore time (8:02 am Japan time). The New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) futures December contract fell 0.8% to $ 82.94.
Original title:Oil Drops at Start of Key Week as Biden Boosts Pressure on OPEC+（抜粋）
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