EnergyWatch

Oil prices slightly down on OPEC+ decision to up output

The oil exporting nations have found common ground and dial up on production.

Photo: RAMZI BOUDINA/REUTERS / X03395

Oil prices decline slightly early on Monday CET after the Organization of the Petroleum Exporting Countries and its OPEC+ allies came to a compromise, prompting a surge in oil output.

Investors fear that increased supply could generate a surplus on the market as several countries still fight the Covid-19 Delta variant, reports Reuters.

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