OPEC+ set to continue oil output hike in May

  • OPEC+ signalled last month it would hike in April and continue to bring back barrels
OPEC

OPEC+ is going to continued with the planned scheduled of bringing barrels back online, according to 3 sources cited by Reuters.

The plan is to slowly return 2.2 mbpd of voluntary cuts over this year and next. Ahead of the report, WTI crude was trading up 59-cents to $68.86.

Top Brokers

Sponsored

General Risk Warning