consolidating a strategic shift to regain market shareThe alliance of oil-producing nations said it would boost production by 548,000 barrels per day, a sharp rise from the previously planned 411,000 bpd, catching markets by surprise.
The move underscores OPEC+'s intent to reassert dominance in the global energy market and ramp up competitive pressure on rivals such as US shale producers.
Shrugging off attacks in the Middle east:
Ship attacked in Red Sea; crew abandons vessel amid fire and floodingIsraeli military says it will strike Yemeni ports, issues evacuation warningIsrael confirms it has attacked multiple terrorist targets in Yemen This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Oil prices fell just over 1% at the Globex open on Sunday evening US time )
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