BUSINESSSEMAFOR
OPEC+ hikes output as prices fall
OPEC+ agreed to increase crude production amid a US-Iran ceasefire, aiming to address falling oil prices and a potential market glut. The United Arab Emirates, which recently exited OPEC+, is also expected to boost output. The war has spurred retail trading in oil derivatives, with the world’s largest derivatives exchange now offering 24/7 contracts for 10-barrel trades.
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