Crude oil prices plunge by 541 points despite OPEC+ extending production cuts until 2025 ...Middle East

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Crude oil prices plunge by 541 points despite OPEC+ extending production cuts until 2025
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Crude oil prices fell sharply by 541 points to 6149 on Tuesday, down from 6690 the previous day, even as OPEC+ announced a major extension of its oil production cuts aimed at stabilizing the market. The decision, which extends the cut of 1.65 million barrels per day (bpd) announced in April 2023, will now remain in effect until the end of 2025.

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