OPEC+ Nearing Agreement to Delay Oil Output Hike - Reuters

OPEC+ Nearing Agreement to Delay Oil Output Hike - Reuters

• OPEC+ is nearing an agreement to delay an oil output increase scheduled to start in October after oil prices hit their lowest in nine months.

• Output hike of 180,000 bpd had been due to proceed in October.

• "It is likely that the countries will take action to balance the market by delaying the increase," said one of Reuters sources.

You May Also Be Interested In

• United States Oil Fund (USO) call put ratio 1 call to 1.1 puts as WTI Crude oil at $85
• ServiceNow (NOW) call put ratio 1.6 calls to 1 put
• Popular stocks with increasing option volume: INTC ORCL MU HOOD PLTR MSTR MRVL AMD NFLX SOFI SPCE AVGO