Oil Prices Surge As OPEC+ Delays Output Hike
Oil prices surged nearly 3% on Monday following OPEC+’s announcement to postpone an anticipated production increase by one month, with traders also closely monitoring the approaching US presidential election. Brent crude rose by $1.98, or 2.7%, reaching $75.08 per barrel, while US West Texas Intermediate (WTI) increased by 2.85% to $71.47. This marked a recovery […]