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Home Financial Markets

OPEC+ raises output levels again despite tumbling crude prices

July 5, 2026
in Financial Markets
0
OPEC+ raises output levels again despite tumbling crude prices




Major oil producers on Sunday agreed once again to modestly increase their crude production, although, as in previous months, the hike is largely symbolic until a peace deal between the U.S. and Iran sticks and the Strait of Hormuz is fully reopened to shipping traffic.

Editorial Team

Editorial Team

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