Reported about 8 hours ago
Oil prices have fluctuated, dipping as OPEC+ plans to pause output increases next quarter amidst fears of slowing demand and potential oversupply. Brent crude is trading near $65 a barrel, with OPEC+ delegates suggesting the decision reflects expected seasonal demand declines. Amidst rising output from both OPEC+ and non-member producers, the market faces challenges, including a recent Ukrainian drone attack affecting oil flows. Analysts warn of a substantial surplus while keeping a watchful eye on geopolitical tensions.
Source: YAHOO