Oil prices slightly down on OPEC+ decision to up output

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


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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