Oil Bears Dominate Market as Doubt Grows Over Output Limits
- Speculators boost bets on lower WTI crude prices by 37%: CFTC
- OPEC, Russia, other producers meet in Algiers on Sept. 26-28
Oil Extends Declines as U.S. Producers Increase Drilling
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The longer OPEC and other producers talk about a ceiling on crude output, the more doubts grow in the market.
Money managers increased wagers on falling prices by the most in three months as a meeting between Russia and Saudi Arabia ended without specific measures to support prices. Producers have pledged to discuss action in Algiers later this month.