Latest Oil Market News and Analysis for September 29

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Oil declined at the start of the week as expectations that OPEC+ will hike production again in November exacerbated concerns about a glut.
Brent fell below $70 a barrel after advancing 5.2% last week, and West Texas Intermediate was around $65. The alliance led by Saudi Arabia is considering raising output by at least as much as the 137,000 barrel-a-day hike scheduled for next month, according to people familiar with the plans.