Brazil Oil Output Dips

Oil production in Brazil fell 5.9 percent in annual terms to an average of 2.486 million barrels per day, the nation's ANP oil regulator said on Monday.

In a statement, the ANP said natural gas production fell 0.9 percent year-over-year to an average of 113 million cubic meters per day. Brazil produced a total of 3.196 million barrels of oil equivalent per day in September on average.

(Reporting by Alexandra Alper and Gram Slattery; Editing by Chizu Nomiyama)