Oil prices slumped on Monday after OPEC+ countries announced a production hike despite oversupply concerns and growing fears that US President Donald Trump’s trade war could weaken demand.
Stock markets were mixed in holiday-thinned trading ahead of US and British central bank decisions later in the week.
Saudi Arabia, Russia and six other members of the oil cartel announced over the weekend an output increase of 411,000 barrels a day for June, a month after a similar move had already caused…
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News Source: www.al-monitor.com
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