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Oil prices drop as OPEC+ agrees to ramp up supply
semafor.com/article/05/05/2025/oil-prices-drop-as-opec-agrees-to-up-supply
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Oil prices plunged after the OPEC+ group of oil producers agreed to accelerate production hikes once again.
The decision to boost output by 411,000 barrels a day followed another substantial increase earlier this year, and will likely put further pressure on oil prices, which…
This story appeared on semafor.com, 2025-05-05 13:07:37.