OPEC+ to raise oil output quota in meeting on April 5 – Reuters
OPEC+ is likely to weigh a further oil output quota hike at the meeting on April 5, Sunday, to prepare for any easing of Strait of Hormuz export constraints, according to a report from Reuters.
Market reaction
No negative impact on the Oil price appeared despite hopes of an increase in oil output. As of writing, the WTI Oil price trades 9% higher at above $102.50.
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