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Oil Rises as OPEC+ Boosts Supply Less Than Expected

Pelican Press

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Oil Rises as OPEC+ Boosts Supply Less Than Expected

Oil advanced off the back of geopolitical tensions and as OPEC+ hiked production less than some had feared. OPEC+ agreed to surge oil output for the third month in a row, doubling down on a policy shift that has sent crude prices sinking. The nations agreed to add 411,000 barrels a day to the market in July. Bloomberg’s Anthony di Paola reports.



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#Oil #Rises #OPEC #Boosts #Supply #Expected

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