Iraq has shut down the entire oil production at Lukoil's West Qurna 2 oilfield, one of the world's largest, due to a leak on an export pipeline, two Iraqi energy officials told Reuters on Monday. Lukoil declared force majeure last month at West Qurna 2 as it was hit with sanctions alongside Rosneft»»»

Oil fell for a second day after an industry report indicated the biggest increase in US inventories in more than three months. West Texas Intermediate held above $60, while Brent settled at more than $64 on Tuesday. US crude inventories rose 6.5 million barrels last week, according to a document fr»»»

  Oil prices slipped on Tuesday after the Organization of the Petroleum Exporting Countries and its allies, OPEC+, agreed to pause output hikes in the first quarter of next year as a signal of oversupply in the market. Brent crude futures fell 15 cents ... »»»