Oil Prices Rise After OPEC+ Announces Modest Output Hike Amid Russia Sanctions Fears
Global oil prices recovered on Monday after OPEC+ decided on a modest production hike for October, easing some of last week’s losses. Investors also reacted to the possibility of tougher U.S. sanctions on Russian oil exports, which could impact future supply. According to market reports, Brent crude settled up by 52 cents (0.79%) at $66.02 […]
