Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts.

Over the weekend, the group announced a larger-than-expected hike of 548,000 bpd for August, the fourth consecutive monthly increase in output, and signaled another 550,000 bpd rise in September ...

"Crude oil prices declined... Saudi Arabia for the first time provided a firmer stance on their view on cutting production, indicating they believe the oil market will stabilise itself," ANZ bank said ...