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Oil prices plunge to multi-year low as OPEC+ plans output acceleration
euronews.com/business/2025/05/05/oil-prices-plunge-to-multi-year-low-as-opec-plans-to-accelerate-production-hikes
Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, accelerating output increases in June. The move is expected to exacerbate a market surplus amid weakening demand driven by escalating US-China trade tensions.
Crude oil…
This story appeared on euronews.com, 2025-05-05 14:28:15.491000.