OPEC+ production hikes not yet at announced levels, Morgan Stanley analysis says

(3min)
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Crude oil futures started the week higher Monday, as the market weighs doubts about how much extra oil OPEC+ countries have placed on the market since starting to unwind 2.2M bbl/day in voluntary cuts in April.

OPEC+ may be raising oil

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