Oil sinks as OPEC+ ramps up output again, WTI heading back to 4-yr low

Oil prices opened the week with a sharp gap lower, as traders responded to OPEC+’s weekend agreement to accelerate output increases for a second straight month. WTI crude is now heading back toward the four-year low of $55.20 set in April. OPEC+ will raise June production by 411k barrels per day. That brings the total […]

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