Oil lower as OPEC+ sticks to August target
Oil prices are modestly lower on Thursday, further paring recent gains following yesterday's reversal. As expected, OPEC+ stuck to its planned 648,000 barrel increase in August and refrained from any decision beyond then which could add an element of uncertainty to future targets, particularly given recent reports that even Saudi Arabia and UAE are running near capacity.
The global economic uncertainty doesn't make planning ahead any easier, either.
30-06-2022 11:28 GMT
by Craig Erlam
