Oil Hold Ground Near Pre-Iran War Levels as OPEC+ Boosts Output Plan
TL;DR
Oil prices hovered around levels seen before the Iran conflict as OPEC+ agreed to lift output targets from August and Saudi price cuts signaled more supply, with Brent near $72 and WTI around $68 amid recovering Gulf exports and ongoing Hormuz shipping talks.
- Oil falls after OPEC+ agrees to raise output targets By Reuters Investing.com
- Oil prices steady at pre-Iran war levels Reuters
- OPEC+ is raising oil output for a fifth straight month as Strait of Hormuz shipping recovers qz.com
- OPEC Plus Pledges to Pump More Even as Oil Prices Fall The New York Times
- Oil prices head back to pre-Iran conflict levels: report 13wham.com
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