Reported about 8 hours ago
Oil prices have dropped after OPEC+ announced plans to raise production by 411,000 barrels per day in June, marking a consecutive month of increased supply. This shift in strategy from previous production cuts indicates a willingness to accept lower prices for a prolonged period as the cartel aims to regain market share amid a challenging economic landscape. Analysts predict that Brent crude will average about $60 per barrel for the rest of the year.
Source: YAHOO