Rumors of OPEC compromise lower oil prices

Negotiations among OPEC+ on oil output broke down earlier in July when the United Arab Emirates prevented an extension of production cuts up to and including April 2022.

Photo: Agustin Marcarian/REUTERS / X03747

by ritzau finans

Oil prices dive Thursday morning CET on prospects of higher output as the Organization of the Petroleum Exporting Countries and its OPEC+ allies reportedly form a compromise on future supply, writes Reuters.

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