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BRENT CRUDE $96.49 -12.78 (-11.7%) WTI CRUDE $96.20 -16.75 (-14.83%) NAT GAS $2.73 -0.14 (-4.88%) GASOLINE $2.94 -0.23 (-7.26%) HEAT OIL $3.87 -0.61 (-13.62%) MICRO WTI $96.19 -16.76 (-14.84%) TTF GAS $55.86 +6.3 (+12.71%) E-MINI CRUDE $89.25 -10.13 (-10.19%) PALLADIUM $1,578.00 +121.4 (+8.33%) PLATINUM $2,052.80 +104.9 (+5.39%) BRENT CRUDE $96.49 -12.78 (-11.7%) WTI CRUDE $96.20 -16.75 (-14.83%) NAT GAS $2.73 -0.14 (-4.88%) GASOLINE $2.94 -0.23 (-7.26%) HEAT OIL $3.87 -0.61 (-13.62%) MICRO WTI $96.19 -16.76 (-14.84%) TTF GAS $55.86 +6.3 (+12.71%) E-MINI CRUDE $89.25 -10.13 (-10.19%) PALLADIUM $1,578.00 +121.4 (+8.33%) PLATINUM $2,052.80 +104.9 (+5.39%)
OPEC Announcements

OPEC+ Bigger Output Hike: Oil Supply Surges, Pressures Prices

OilMarketCap 11 months ago 1 min read

Investors in crude oil markets received a significant jolt this weekend as OPEC+ announced a much larger-than-anticipated production increase for June. In a pivotal virtual meeting, key oil-producing nations, spearheaded by Saudi Arabia and Russia, committed to collectively boosting output by a substantial 411,000 barrels per day (bpd). This figure represents nearly triple the volume originally slated

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