OPEC+
The report expects robust demand in Western economies, especially the US, which consumes one-third of global gasoline
Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel
OPEC reported that the housing, utilities, and fuels sector rose to 6.7 percent YoY in June, up from 6.6 percent in May
Global benchmark Brent crude futures dipped 78 cents, or 0.95 percent, to $81.52 a barrel
OPEC also cut next year's demand growth estimate to 1.78 million bpd from the previous 1.85 million bpd
Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth
Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel
Both Brent and WTI declined more than 3 percent to their lowest since January on Friday following a volatile week
OPEC+ is currently cutting output by 5.86 million barrels per day or about 5.7 percent of global demand
Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel
Brent oil futures expiring in October rose 0.5 percent to $81.24 a barrel
