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Oil Prices Plummet as OPEC+ Accelerates Production Hikes

Oil Prices Plummet as OPEC+ Accelerates Production Hikes

BUSINESS - 5/5/2025

In a surprising move, OPEC+ has decided to accelerate oil production hikes, leading to a more than $2 drop in oil prices. With Brent crude now at $59.25 a barrel, concerns grow over a potential supply surplus as tensions rise in the Middle East.

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