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fromLondon Business News | Londonlovesbusiness.com
1 week ago

Crude oil rebounds on OPEC+ decision and renewed geopolitical risks - London Business News | Londonlovesbusiness.com

Crude oil prices staged a rebound today, with WTI climbing around 2% to just below USD 60 per barrel. The market found support after OPEC+'s weekend decision to reaffirm its production pause during the first quarter of 2026. The output hold could help reduce concerns about an oversupplied market to a certain extent. Geopolitical tensions also contributed to the market's strength.
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US politics
fromFortune
4 months ago

OPEC+ agrees in principle to another bumper supply increase

OPEC+ agrees to a production increase of 548,000 barrels per day for September, reversing previous cuts to reclaim market share.
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