Crude oil benchmarks hit multi-month lows as OPEC+ denies major output increase rumors, causing prices to drop further. Brent crude at $67.51 and WTI at $62.21 on Wednesday, tumbling due to increased supply and weak demand in Asia. Kurdistan’s resumption of exports adds to the global supply glut. Japan and China show weakening manufacturing activity, signaling a slowdown in the region. U.S. government shutdown adds uncertainty, impacting energy markets. Analysts warn of squeezed margins for shale producers and potential stall in U.S. production growth if prices remain low.

Read more at Yahoo Finance: Crude Oil Plummets to Lowest Since June