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Oil Prices: OPEC+ Announcement Stuns Market
Posted
April 4, 2025
Views
420,564
Likes
3,127
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845
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April 4, 2025
420,564
3,127
845
0.94%
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3:32Now PlayingThe OPEC+ alliance will increase supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices to punish the group’s cheats. Crude was already reeling from the onslaught of trade tariffs announced by US President Donald Trump the previous day, and the surprise addition of 411,000 barrels a day by OPEC+ in May turbo-charged the rout. Bloomberg's Anthony di Paola reports.
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