By Giulia Petroni The sharp fall in crude oil prices following OPEC+'s latest policy move was largely amplified by short selling and movements in the ...
Oil futures headed lower on Monday as traders assessed a decision by the OPEC+ to extend cuts by the group into 2025 but to begin unwinding some additional voluntary reductions later this year.
Crude prices plunge around 3% as investors seem to see signs of imminent oil oversupply after OPEC+'s decision to extend production cuts while signaling that it will phase out the curbs later this ...