Oil Eases as Russia Downplays Additional OPEC+ Cuts

Oil Eases as Russia Downplays Additional OPEC+ Cuts
A pump is seen at a gas station in Manhattan, New York City on Aug. 11, 2022. Andrew Kelly/Reuters
Reuters
Updated:

LONDON—Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week.

Brent crude futures was down 41 cents, or 0.5 percent, to $77.95 a barrel at 0815 GMT. U.S. West Texas Intermediate crude (WTI) fell 51 cents, or 0.7 percent, to $73.83.