Oil Prices Slide on Concerns about US Debt Ceiling & OPEC+ Talks

Oil prices fell by about 4% on Tuesday due to worries about the U.S. debt ceiling pact and mixed messages from major producers ahead of the OPEC+ meeting this weekend. 

Brent crude futures dropped $3.10 to $73.97 a barrel. Analysts said the market was concerned about the potential for a prolonged government shutdown if the debt ceiling is not raised. 

The OPEC+ meeting this weekend is expected to discuss production cuts and compliance with existing cuts.