Oil prices hit 10-month low on OPEC+ production boost report

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, recently cut production targets and de facto leader Saudi Arabia's energy minister was quoted this month as saying the group will remain cautious.Meanwhile, supply fears have largely receded while concerns over Chinese fuel demand and U.S. dollar strength weighed on prices.

Oil prices hit 10-month low on OPEC+ production boost report
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, recently cut production targets and de facto leader Saudi Arabia's energy minister was quoted this month as saying the group will remain cautious.Meanwhile, supply fears have largely receded while concerns over Chinese fuel demand and U.S. dollar strength weighed on prices.