Oil prices rise after OPEC+ extends production cuts; Gaza ceasefire in focus
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#12d86ea3 ver:2.74

Oil prices rise as OPEC+ extends production cuts until 2025, supporting higher prices and tighter markets. The decision also factors in geopolitical risks and the potential ceasefire in Gaza. US economic recovery and slower demand impact prices, while higher interest rates and rising non-OPEC supply contribute to stagnant prices. The extension of cuts has implications for US motorists and European gas prices. Analysts have divergent views on future demand, with OPEC+ predicting a rise and the IEA forecasting a more modest increase. #OilPrices #OPEC+ #ProductionCuts #Geopolitics...

#newstr #Opec+ #CrudeOil #ProductionCuts #OilPrices #GazaCeasefire 

 https://here.news/story/12d86ea3?ver=2.74