Oil surges past $75 as OPEC+ discuses 2 million bpd output boost ...News

Russia Today - Economy
Oil surges past $75 as OPEC+ discuses 2 million bpd output boost
source : Russia Today ( News ) () 26
Oil prices shot up early on Thursday as reports started to emerge that OPEC and its non-OPEC partners led by Russia were discussing another gradual increase in oil supply of 2 million barrels per day between August and December. At 9:00 a.m. EDT on Thursday, at the close of the initial OPEC-only meeting where ministers read prepared statements about the general market situation, the U.S. benchmark WTI Crude hit $75.90, exceeding the $75/barrel mark for the first time since October 2018. Brent Crude was above $76.60. The first OPEC meeting ended with no discussion of an output increase, but all eyes are now on the JMMC (Joint Ministeria

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