#Latest news with #productionIncreaseYahoo02-06-2025BusinessYahooOil Rises as OPEC+ Boosts Supply Less Than ExpectedOil advanced off the back of geopolitical tensions and as OPEC+ hiked production less than some had feared. OPEC+ agreed to surge oil output for the third month in a row, doubling down on a policy shift that has sent crude prices sinking. The nations agreed to add 411,000 barrels a day to the market in July. Bloomberg's Anthony di Paola reports.
Yahoo02-06-2025BusinessYahooOil Rises as OPEC+ Boosts Supply Less Than ExpectedOil advanced off the back of geopolitical tensions and as OPEC+ hiked production less than some had feared. OPEC+ agreed to surge oil output for the third month in a row, doubling down on a policy shift that has sent crude prices sinking. The nations agreed to add 411,000 barrels a day to the market in July. Bloomberg's Anthony di Paola reports.