Oil stabilized upon Wednesday's dip following OPEC+ meet

Wednesday's decision by OPEC+ has output increased by 400,000 barrels of oil per day as of October.


Oil prices surge Thursday morning above the level seen at closed trading hours Wednesday at 5:00 p.m. CET.

Shortly before the close, prices declined after the Organization of the Petroleum Exporting Countries and its OPEC+ allies decided to maintain plans for a gradual phase-out of the output limitations implemented at the start of the Covid-19 pandemic.

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