Oil was little changed ahead of an OPEC+ meeting that should see further output added to a market that the group sees as needing extra supply. West Texas Intermediate was up 0.2% after losing more than 7% in August, the biggest monthly decline this year. The Organization of Petroleum Exporting Countries and its allies including Russia are expected to ratify a plan to add 400,000 barrels a day in October, wagering that the market can absorb the extra flows as demand recovers from the coronavirus pandemic. The extra supply from OPEC+ comes as one key member – Iran – dashed hopes of a quick return to nuclear talks. The longer that process draws out, the further it pushes back larger volumes of Iranian supply returning to the market. The market is also having to assess the longer term impact of Hurricane Ida, which had shut some U.S. crude output, […]