Wednesday, February 21, 2024

OPEC+ cuts oil production, prices continue to rise


OPEC+ agrees to a significant oil production cut of 2 million barrels per day.
The markets were expecting this news and for several days the price of oil went up. Over the past 8 days, the price of oil has risen by about $10.
Crude oil is currently trading at $87.87 on the New York Stock Exchange.

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