Oil Prices Fall After OPEC+ Agrees to Increase Output as Strait of Hormuz Shipping Recovers
Oil Prices Slip as OPEC+ Increases Production, Markets Watch Supply Trends Global oil prices moved lower on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to increase crude oil production once again. The decision comes at a time when shipping activity through the important Strait of Hormuz is recovering, … Read more