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Oil prices plunge to multi-year low as OPEC+ plans output acceleration

Upworthy Monday, 5 May 2025 ()
Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, accelerating output increases in June. The move is expected to exacerbate a market surplus amid weakening demand driven by escalating US-China trade tensions. Crude oil prices…
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