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OPEC+ agrees in principle to June quota hike (CL1:COM)

Seeking Alpha · last updated
Entrance signage to the headquarters of the Organization of the Petroleum Exporting Countries in Vienna

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Seven OPEC+ countries have provisionally agreed to raise ​oil output targets by about 188,000 barrels per day in June, a symbolic move as the Strait of Hormuz remains largely closed for shipping due to Middle East tensions, Reuters reported, citing sources familiar with the matter.

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