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Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds
Brent crude, the international benchmark, fell 0.15% to $71.87 a barrel as of 8:07 a.m. EDT after dropping as low as $71.09 earlier in the session, its lowest level since before the US-Israel-Iran war began on Feb. 28.
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newsbytesapp.com
Oil prices fall as Hormuz flows continue, OPEC+ boosts supply
Oil prices dropped as the Strait of Hormuz shipping flows recovered and OPEC+ indicated plans to increase global supply, pushing Brent below $72 and WTI near $68 per barrel.
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arabnews.com
Oil drifts down after OPEC+ agrees to raise output targets
PERTH/SINGAPORE: Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of…
