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By Nicole Jao NEW YORK, Oct 5 (Reuters) - Oil prices lost about $2 on Monday after crude exports from the Middle East increased and the Group of Seven nations pledged to boost supplies, though selling
Oil prices moved lower in Asian trading on Monday as increased crude exports from the Middle East and plans by Group of Seven countries to release emergency reserves reduced some near-term supply concerns. At 03:00 ET (07:00 GMT), Brent crude futures for December delivery declined 0.
By Nicole JaoOil prices lost about $2 on Monday after crude exports from the Middle East increased and the Group of Seven nations pledged to boost supplies, though selling was limited by ongoing disruption fears linked to the US war with Iran.Brent crude futures ICEEUR:BRN1! settled $1.93, or 1.89…