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Home Market Research Business

OPEC+ agrees in principle to June quota hike (CL1:COM)

by TheAdviserMagazine
15 hours ago
in Business
Reading Time: 2 mins read
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OPEC+ agrees in principle to June quota hike (CL1:COM)
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May 02, 2026, 1:44 PM ETCrude Oil Futures (CL1:COM), USO, CO1:COM, XLEUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, NG1:COM, XB1:COMBy: Dulan Lokuwithana, SA News Editor

todamo

Seven OPEC+ countries have provisionally agreed to raise ​oil output targets by about 188,000 barrels per day in June, a symbolic move as the Strait of Hormuz remains largely closed for shipping due to Middle East tensions, Reuters reported, citing sources familiar with the matter.



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