Brent was down $1.63, or 1.7%, to $94.56 a barrel, WTI dropped $1.82, or 2%, to $89.31.

The OPEC+ alliance, co-chaired by Russia and Saudi Arabia, last week agreed to cut its production by 2 million barrels a day, the biggest reduction since 2020.

Brent was down 77 cents, or 0.8%, at $97.15 a barrel, WTI was at $92 a barrel, down 64 cents, or 0.7%.

Benchmark Dutch front-month futures dropped as much as 7.8% to 144 euros per megawatt-hour, the lowest intraday since July 1.

Europe's gas price benchmark, the TTF month-ahead contract, traded Oct. 7 below Eur160/MWh, more than 50% lower than peaks seen in late August.

The nations which are home to more than half of the world’s population are not treating climate change as a crisis.

Iraq's Ministry of Oil has announced preliminary oil exports for September of 98,765,153 barrels, giving an average for the month of 3.292 million barrels per day (bpd), slightly up from the 3.286 million bpd exported in August.

Total nonfarm payroll employment increased by 263,000 in September, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported

By the end of fiscal year 2023, we expect cumulative residential rooftop solar capacity to reach 3,214MW, nearly a 60% year-on-year increase.

The Worldwide Rig Count for September was 1,853, up 28 from the 1,825 counted in August 2022,and up 405 from the 1,448 counted in September 2021.

U.S. Rig Count is down 3 from last week to 762, Canada Rig Count is up 2 from last week to 215.

Brent were down 25 cents, or 0.26%, to $94.17 a barrel, WTI were down 25 cents at $88.20 a barrel.

Excluding Russia's share of Kazakhstan's CPC Blend exports, Russian crude exports averaged 2.99 million b/d in the month, down 290,000 b/d on the August levels and lowest since September 2021 when global oil demand was still recovering from pandemic lockdowns

U.S. commercial crude oil inventories decreased by 01.4 million barrels to 429.2 million barrels.

Brent edged down 8 cents to $93.29 per barrel, WTI slid 15 cents to $87.61 per barrel.