Oil prices drop as OPEC+ accelerates output hikes, surplus looms

theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-drop-as-opec-accelerates-output-hikes-surplus-looms

Oil prices fell more than 1 per cent on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more supply coming into a market clouded by an uncertain demand outlook.
Brent crude futures dropped by 87 cents, or 1.42 per cent, to $60.42…

This story appeared on theglobeandmail.com, 2025-05-05 10:47:36.
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