OPEC+ boosts oil prices after large cut
Oil prices are edging lower today after OPEC+ announced a huge production cut on Wednesday of two million barrels per day. With the group failing to hit output targets by a widening margin as the year has progressed, the net cut will be around half that, if not less, but that's still a substantial reduction in an already tight market.
Of course, the global economy is slowing as a result of an inflation and interest rate shock - which soaring oil prices and
Oct 06, 2022
by Craig Erlam
