Oil Surges Past $75 As OPEC+ Discuses 2 Million Bpd Output Boost ...Middle East

OILPRICE - Economy
Oil Surges Past $75 As OPEC+ Discuses 2 Million Bpd Output Boost
source : OILPRICE ( Middle East ) () 25
Oil prices shot up early on Thursday as reports started to emerge that OPEC and its non-OPEC partners led by Russia were discussing another gradual increase in oil supply of 2 million barrels per day (bpd) between August and December. At 9:00 a.m. EDT on Thursday, at the close of the initial OPEC-only meeting where ministers read prepared statements about the general market situation, the U.S. benchmark WTI Crude hit $75.90, exceeding the $75/barrel mark for the first time since October 2018. Brent Crude was above $76.60. The first OPEC meeting…

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