Global oil markets entered a turbulent phase this week as prices extended losses following OPEC+’s decision to boost production. Brent crude futures fell below $82 per barrel, marking a 5% two-day decline. The oil market dynamics now hinge on whether additional OPEC+ barrels will flood markets just as demand faces headwinds from trade tensions and economic slowdowns.
Oil Prices Tumble as OPEC+ Considers New Production Hike
