Money Talks

Oil prices drop as OPEC+ ratifies modest oil production increase

Oil is headed for its third weekly drop, its longest losing run this year, on concerns that a recession could cut into energy demand. Oil prices are edging up this morning, after falling 3% on Thursday, as the OPEC+ group of producers, including Russia, agreed to stick to its output strategy. However, the producers' club avoided discussing policy from September onwards. Brent crude is now trading at $109 a barrel, and WTI at $105 a barrel. Crude fell around 8% in June, as investors fretted over a potential global economic slowdown. We spoke to Craig Erlam, who is senior market analyst at OANDA. #OilPrices #Recession #OPEC

OPEC agrees to cut oil supplies | Money Talks

OPEC agrees to cut oil supplies | Money Talks

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

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Qatar is leaving OPEC

Qatar to leave OPEC next month | Money Talks

Qatar to leave OPEC next month | Money Talks

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OPEC+ hikes output by 100,000 barrels a day, equivalent to 0.1% of global consumption

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Oil prices extend losses on demand worries

Oil prices extend losses on demand worries

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