Oil soars after surprise OPEC+ decision to hold off on production increase
By Brent, the benchmark for Nigeria’s crude oil climbed 5 percent to $66 per barrel on Thursday after the Organisation of Petroleum Exporting Countries (OPEC) and allies members agreed to keep production levels unchanged, a notably more dovish stance than the expected modest production rise. Early indications that OPEC+ won’t rush into boosting output aggressively and…
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