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Oil prices climbed on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, which eased ...
WTI oil shed more than 3% on Monday after a complex OPEC+ decision on Sunday left the door open for voluntary cuts to be gradually unwound. Monitor this crucial chart range.
Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.
OPEC has kept its global oil demand growth forecasts unchanged for 2025 and 2026, expecting continued robust economic growth to drive demand. The cartel anticipates global oil demand to reach an ...