Commodities · Market move
Brent Holds Near $93 Despite an OPEC+ Output Surge
Oil rose on Thursday even as OPEC+ added more than 2 million barrels a day.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- Brent rose 0.49% to $93.21 a barrel; WTI rose to $86.80.
- OPEC+ raised output by more than 2 million barrels a day.
Oil prices rose above $93 even as OPEC+ boosted output by over 2 million barrels a day, Invezz reported.
Tensions in the Middle East are offsetting the extra supply, according to market reports.
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