Crude oil drops over 1% as OPEC+ weighs another major output increase for July

5 hours ago 1
 Oil pump jack and flag of OPEC or Organization of Oil Exporting Countries, depicts the investment in the development or production of global oil industry

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OPEC+ members are reportedly discussing whether to agree on another super-sized production increase at their meeting on June 1, potentially making it the third consecutive month in which the group would add extra barrels to the market.

An output hike

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