Oil Prices Continue Their Climb On OPEC Shock ...Middle East

OILPRICE - Economy
Oil Prices Continue Their Climb On OPEC Shock
source : OILPRICE ( Middle East ) () 43
Crude oil prices rose further into the afternoon on Monday, trading at $85 for Brent crude oil around 4:30 p.m. ET, on the back of Sunday’s OPEC+ move that shocked the market. Most analysts had assumed OPEC+ would stay the course and keep production plans steady, but a surprise decision from the group on Sunday shocked traders. The move came as a surprise to most, although in the Fall of 2020, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman warned traders that whoever gambled on the market would be sorry. “We will never…

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