Oil prices fallout: OPEC producers boost output after Iran strikes

Oil prices fallout: OPEC producers boost output after Iran strikes

A coalition of OPEC, Russia and allied oil-producing nations agreed Sunday to boost output by a larger-than-expected amount in a move that could help offset any shortfall from Iran amid this weekend’s strikes.Why it matters: The OPEC+ boost of 206,000 barrels per day is an early sign of how producers and companies will respond to U.S…
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