Oil prices set to drop more as OPEC+ agrees to another sharp production hike

The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month in a row, a move intended to reassert control over the market by driving oil prices lower.

Jun 1, 2025 - 21:08
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Oil prices set to drop more as OPEC+ agrees to another sharp production hike
The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month in a row, a move intended to reassert control over the market by driving oil prices lower.