Oil prices fall 4% on Opec+ output decision
Opec member Iran, exempt from making voluntary cuts, is also boosting supply
05 April 2021 - 22:24
New York — Oil fell 4% a barrel on Monday after the Organisation of the Petroleum Exporting Countries and allies (Opec+) agreed to ease output cuts last week.
Brent crude for June settled at $62.15 a barrel, down $2.71, or 4.2%. US West Texas Intermediate settled at $58.65 a barrel, shedding $2.80, or 4.6%...
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