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output hike News

Oil Prices Tumble Over 1% as OPEC+ Output Hike Sparks Oversupply Fears

Olivia Carter 08 May, 2025

Crude oil prices declined over 1% as OPEC+ members suggested accelerating output hikes, sparking oversupply concerns. WTI and Brent crude both saw decreases, with US trade tariffs ...

Market

Crude Oil Prices Take a Hit: OPEC+ Output Hike Sparks Oversupply Fears Amid Demand Concerns

Christopher Adams 08 May, 2025

Crude oil prices fell over 1% as OPEC+ members' decision to increase output sparks oversupply concerns, despite a significant drop in US crude stockpiles. WTI and Brent crude price...