Oil prices slip despite OPEC+ extending production cuts until 2025
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#12d86ea3 ver:2.72

Despite OPEC+ extending production cuts until 2025, oil prices slipped. Brent crude futures fell to $80.87 a barrel, while WTI crude futures dropped to $76.80. Factors like higher interest rates, slower economic growth, and rising non-OPEC supply contributed to stagnant prices. The extension of supply cuts has implications for US motorists and gas prices in Europe. The US economy's slower recovery and unexpected increase in oil inventories also impacted prices. Analysts predict lower demand and no increase in oil purchases. #OilPrices #OPEC #ProductionCuts...

#newstr #Opec+ #ProductionCuts #OilPrices #BrentCrude #WtiCrude 

 https://here.news/story/12d86ea3?ver=2.72