A larger group called OPEC+, consisting of OPEC members plus other oil-producing countries, have agreed to extend their oil production cut to 2.2 million barrels per day (bpd) until the end of December 2024.
A larger group called
members plus other oil-producing countries, have agreed to extend their oil production cut to 2.2 million barrels per day until the end of December 2024. The countries also reiterated their commitment to “achieve full conformity” with their production targets and to compensate for any overproduction by September 2025. Market reaction At the time of press,WTI was up 1.81% on the day at $70.35. WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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