OPEC+ Discusses Delaying Supply Boost After Oil Price Crash ...Middle East

Economy by : (OILPRICE) -
OPEC+ has started discussing a possible delay to their planned easing of the production cuts after oil prices crashed in the past days to the lowest level in 9 months, sources in the alliance told Reuters on Wednesday. Early on Wednesday oil prices reversed their slide after reports emerged about the possible delay to the easing of the cuts. Both benchmarks were rising by around 1% as of 7:15 a.m. EDT. Oil prices plunged on Tuesday to their lowest level since the end of last year, with Brent breaking below $74 and WTI Crude prices dropping briefly…

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