Oil is quickly lower.
In total, OPEC is scheduled to slowly bring on 2.2m bpd by December 2026. With this announcement, you have to start pricing in a good chance that's all coming. Some mitigation may come from compensation cuts for those who over-produced quotas; those will last until June 2026.
WTI crude initially fell about 70-cents on the report and has continued lower to fall $1.50 on the day to $68.28. Zooming out on the chart, there is a great deal of support into the mid-60s.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about surprise decision opec will go ahead with april oil output increase delegate says was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Surprise decision: OPEC will go ahead with April oil output increase - delegate says )
Also on site :
- Ukraine-Russia war latest: Zelensky awaits Putin response to new peace plan while Christmas Eve blast kills 3 in Moscow
- JCPenney Has a 'Stunning' White Sapphire Jewelry Set on Sale for Just $16, and It's Perfect for Every Occasion
- China's First Domestic Anti-CTLA-4 Monoclonal Antibody, Innovent's TABOSUN® (Ipilimumab N01 Injection) Received NMPA Approval