From Investing.com: 2024-06-05 05:46:00

OPEC+ extends oil production cuts by 2.2 million bpd until end of 2025, but prices keep falling, with WTI targeting $70. Various factors weighing on prices, including uncertainty over some members abandoning cuts, increased global supply, and weakened demand from China and US. Geopolitical tensions easing but still impact prices.



Read more at Investing.com: Oil to Test $70 Support Despite Cut Extension – Key Levels to Eye for Short Entry