Oil Sinks as OPEC+ Supply Surge Threatens to Swamp Global Market

Oil Sinks as OPEC+ Supply Surge Threatens to Swamp Global Market


Oil buckled on concerns of a global glut after OPEC+ agreed to another bumper output increase, adding to supply at a time when demand is challenged by the drag from the trade war.

Author: Bloomberg News


Published at: 2025-05-04 22:41:08

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