OPEC+ likely to agree to another production increase on Sunday - report
It's a bull market in many markets at the moment but certainly not in oil, which is likely to get more bad news on Sunday.Initial reports about Saudi Arabia pushing for a further production hike circulated on Friday and lowered crude by $1.51 but it's likely to fall even more if/when the hike is delivered.Reuters reports that Eight OPEC+ countries will likely hike output but probably less than in October, as summer driving season ends.
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