Oil Set for Sixth Weekly Gain as OPEC+ Supply Boost Disappoints
Updated: 03 Jun 2022, 09:02 AM IST
TL;DR.Oil headed for a sixth weekly advance after a keenly anticipated OPEC+ meeting delivered only a modest increase in output that failed to assuage concerns over a widening supply deficit.
FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File Photo