Oil climbs as price drop triggers buying; oversupply worries weigh

theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-climbs-as-price-drop-triggers-buying-oversupply-worries-weigh

Oil gained more than $1.50 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent prices down the previous session, although concerns about a market surplus persisted.
Brent crude futures rose $1.67, or 2.8 per cent, to…

This story appeared on theglobeandmail.com, 2025-05-06 10:43:50.
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