OPEC+ plans to increase crude oil output by 188,000 bpd as prices drop from $112 to $89. Here's why falling oil prices matter for Bitcoin and crypto

OPEC+ plans to increase oil production quotas amid regional stabilization. New all-time high for crude oil by December 31 at 7.5% YES.

The oil-producing group has agreed in principle to increase quotas by 188,000 barrels per day from August, two sources told Reuters.