Crude Oil Futures Dip Ahead of Key OPEC+ and IEA Reports

Imagine that the price of oil is like a prediction for how much oil will cost in the future.

On Tuesday, the predictions for some types of oil, like Brent and WTI, went down a tiny bit.

This is because everyone is waiting for two big reports from important oil groups, OPEC+ and the IEA.

These reports will tell us if there will be too much oil or not enough oil in the world.

Because some people worry there might be too much oil already, the prices are a little lower.

However, some oil prices in India actually went up a little bit.

In other news, the US President talked about peace in the Middle East with the leader of Syria.