FRANKFURT, Germany (AP) — OPEC and allied oil-producing countries, including Russia, have made a small trim in their supplies to the global economy. The move Monday underlines their unhappiness as recession fears help drive down crude prices — and the cost of gasoline, to the delight of drivers. The decision for October rolls back a mostly symbolic increase of 100,000 barrels per day in September. Growing worries about slumping future demand have helped send oil prices down from June peaks of over $120 per barrel. That has cut into the windfall for OPEC+ countries’ coffers but proved a blessing for U.S. drivers as pump prices have eased.
OPEC+ makes small trim to world oil supplies as prices fall
