Oil Prices Jump As OPEC+ Reaches Preliminary Deal ...Middle East

OILPRICE - Economy

Russia and Saudi Arabia have reportedly reached a preliminary deal for OPEC+ to gradually increase output by 2 million barrels per day between August and December, Reuters said, citing an unnamed OPEC+ source. This is this unofficial sourcing coming out of a meeting of the JMMC, which was still ongoing as of 13:00 EDT. An OPEC panel has proposed monthly increases in output of 0.4 million barrels per day. Updating on Twitter, Amena Bakr, Deputy Bureau Chief & Chief Opec Correspondent for EnergyIntel, reported that the JMMC was currently addressing…

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