Monthly Archives: April 2023

Crude Surges on Surprise OPEC+ Cuts

Written on April 3, 2023 at 6:07 am, by

Oil prices surged at the beginning of the week after OPEC+ unexpectedly announced crude output cuts that could tighten the market, causing inflationary concerns for the global economy. The cuts, which will exceed 1 million barrels a day, were not expected by traders who anticipated output to remain steady. Goldman Sachs raised price forecasts forContinue Reading

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