OPEC+ Stuns Market With Larger Than Expected Output Hike

Michele Serna
May 4, 2025

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Crude oil markets took a fresh hit this weekend after OPEC+ stunned traders by announcing a larger-than-expected output increase for June. In a virtual meeting on Saturday, key producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day (bpd…
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