Oil slips as OPEC plan adds to expectations of supply surplus
HOUSTON (Reuters) -Oil prices slipped on Tuesday as investors braced for a supply surplus due to potential OPEC plans for a larger output hike next month and the resumption of oil exports from Iraq’s Kurdistan region via Turkey.
Brent crude futures for November delivery, expiring on Tuesday, fell 94 cents, or 1.38%, to $67.03 a barrel by 11:15 a.m. EDT (1515 GMT). The more active December contract fell $1.11 or 1.65% to $65.98.
