Oil continues to slip after report of US requesting production output hike by OPEC - ConsultFX

Oil continues to slip after report of US requesting production output hike by OPEC

Brent is now down by more than 1% to $74.16 while WTI is down 0.29% to $64.57 The news broke out earlier by Bloomberg - citing people familiar with the matter. The request is said to have asked OPEC to increase output by at least 1 mil bpd - or about 1% of global production,