It was reported that OPEC+ will convene on October 5, where it is expected to confirm a production increase of at least 137,000 barrels per day for November to capture market share. As a result, international crude oil prices dropped 3% on September 29.

West Texas Intermediate (WTI) crude for November delivery decreased by US$2.27 (3.45%), reaching US$63.45 per barrel on the New York Mercantile Exchange.

Brent crude for November delivery fell by US$2.16 (3.1%), settling at US$67.97 per barrel.