WS #11489
OPEC+ confirms 188,000 bpd production increase for August as oil prices hold near four-month lows (WTI ~$68.78, Brent ~$71.94) amid gradual Hormuz shipping recovery, reinforcing bearish oil sentiment. Russia launches large-scale missile and drone attack on Kyiv, including ballistic and hypersonic missiles, escalating the conflict. Trump held a 90-minute call with Putin offering to help end the Ukraine war ahead of NATO summit, signaling potential de-escalation and impacting defense and energy stocks.
OPEC+ Production Increase and Oil Price Decline
OPEC+ confirms 188,000 bpd production increase for August as oil prices hold near four-month lows (WTI ~$68.78, Brent ~$71.94) amid gradual Hormuz shipping recovery, reinforcing bearish oil sentiment.
Russia launches large-scale missile and drone attack on Kyiv, including ballistic and hypersonic missiles, escalating the conflict.
Trump held a 90-minute call with Putin offering to help end the Ukraine war ahead of NATO summit, signaling potential de-escalation and impacting defense and energy stocks.