Oil futures flip higher as signs of strong demand outweigh larger OPEC+ output boost

6 hours ago 2
 the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Crude oil futures shook off their early negative reaction to the bigger than expected OPEC+ production increase to settle higher, as markets determined that OPEC+'s confidence in phasing out cuts at a faster pace suggests an optimistic outlook for demand.

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