Oil Prices Dip 2% as OPEC+ Considers Ramping Up Supply

Oil prices slumped by 2% early on Wednesday as the market turns its attention to this weekend’s OPEC+ meeting, at which the group may decide to tap the last remaining production cuts and raise output from October even further.  In the early morning ET on Wednesday, WTI Crude prices were down by 2% at $64.34, while the international benchmark, Brent Crude, was down 1.76% at $68.02. The eight OPEC+ producers that have been unwinding production cuts for several months now will discuss another increase in the oil production for October when…