12:30 PM · 30 October 2024

OIL gains as OPEC+ sources suggest delay in planned oil output hike

OPEC+ sources signalled that OPEC+ could delay the planned oil output hike, scheduled for December 2024, by one month or more. Oil reacts with price increases. Brent Crude futures gain 1.5% to $72 per barrel; also very solid US macro data support better sentiments on oil.

Source: xStation5

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