Crude oil remained under pressure amid cautious sentiment as a plunge in financial markets and dollar strength underscored concerns that growth may be slowing.
Oil markets remain tense ahead of looming U.S. sanctions against Iran’s crude exports, which are set to start next week and are expected to tighten supply.
Production is set to rise further. U.S. drillers added two oil rigs in the week to Oct. 26, bringing the total count to 875, the highest level since March 2015.
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