First reported by bsky
OPEC+ approves fourth straight monthly oil output quota hike
OPEC+ raises output levels again despite tumbling crude prices
By
Mike Murphy
2h ago
Source
MarketWatchOPEC+ raises output levels again despite tumbling crude pricesmarketwatch.comMajor oil producers on Sunday agreed once again to modestly increase their crude production, although, as in previous months, the hike is largely symbolic until a peace deal between the U.S. and Iran sticks and the Strait of Hormuz is fully reopened to shipping traffic.
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