Crude oil drives higher with focus on geopolitical risks, OPEC+ plan to rein in production
Crude oil futures posted their second straight weekly gain, boosted by bullish geopolitical developments, including U.S. strikes on Houthi rebel targets and Israeli strikes on Gaza, while the U.S.
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OPEC+ unveils new plan for oil output cuts to address overproduction
This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.