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OPEC+ Output Increase Sends Oil Prices Plummeting

OPEC+ Output Increase Sends Oil Prices Plummeting

BUSINESS - 5/5/2025

Oil prices are in freefall after OPEC+ announced a significant output increase, raising concerns over a global surplus amid weakening demand due to ongoing trade tensions. Brent crude dropped nearly 4.6% as OPEC aims to target overproducing members.

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