Oil prices edge up as OPEC+ may delay supply hike, US stockpiles fall

Oil prices experienced a minor rise after plunging to multi-month lows, influenced by possible delays in production increases by key producers and a reduction in US inventories. Brent crude futures went up to $72.85, while US West Texas Intermediate reached $69.35. OPEC+ is reconsidering its scheduled October output hike amid persistent demand concerns and declining Chinese manufacturing activity.

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