Oil prices fell slightly on Monday after a disappointing Chinese economic indicator but remain boosted by OPEC+ production limitations.

Around 09:50 GMT (11:50 CET), the barrel of Brent from the North Sea for delivery in December fell from 1.01% to 96.93 dollars. The US West Texas Intermediate (WTI) barrel for delivery in November fell by 0.90% to 91.81 dollars. Earlier in the session, Brent rose to $98.75 and WTI to $93.55, highs since the end of August.

Black gold prices remain up 17% for Brent and 22% for WTI in two weeks. “Investors started increasing their Brent bets ahead of last week's Opep+ meeting,” explain ING analysts.

The Organization of Petroleum Exporting Countries and its allies (Opep+) ignored the demands of consumer countries, especially the United States, and decided on a free cut in its production goals. On Monday, volumes are expected to be reduced by the absence of American investors due to a public holiday, Columbus Day, in the United States.