Oil Prices Soar As OPEC+ Announced a Surprise Production Cut

Source: Oilprice.com
Date: 3rd April 2023

On Sunday, OPEC+ announced a surprise production cut of some 1.66 million barrels per day, increasing the total OPEC+ cut to 3.66 million bpd. Oil prices soared on the news, climbing by 8% initially before falling back slightly.

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05 Apr 2023