WS #11441
OPEC+ approved a 188,000 bbl/d output increase for August, adding to global supply as Strait of Hormuz reopens, with Brent crude falling to ~$72/bbl, back to pre-war levels.
OPEC+ Output Increase & Oil Market Normalization
OPEC+ approved a 188,000 bbl/d output increase for August, adding to global supply as Strait of Hormuz reopens, with Brent crude falling to ~$72/bbl, back to pre-war levels.