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Oil Prices Are Holding Steady. Why the OPEC+ Output Hike Isn’t a Problem.
The price of oil was stable on Monday despite a larger-than-expected increase in production by the Organization of the Petroleum Exporting Countries and its allies. Seasonal demand and doubts about the actual increase in output explain the muted reaction.
Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.
ADM Investor Services said the move indicates “a willingness on the group’s part to accept lower prices for larger market ...
OPEC+ will increase oil production even more rapidly than expected next month as eight key alliance members agreed to raise ...
ICE Brent is trading lower after OPEC+ agreed on a larger-than-expected supply hike of 548k b/d for August, more than the ...
The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...
U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners ...
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