Oil prices wane after surges upon OPEC meeting

The Organization of the Petroleum Exporting Countries and allies like Russia, together known as OPEC+, Monday maintained its current policy on gradual output increases.

Photo: Leonhard Foeger/Reuters/Ritzau Scanpix

by MARKETWIRE, translated by jonas sahl jørgensen

Oil prices lose momentum Tuesday after Monday's futures hit the highest level since early 2015 upon the decision by the Organization of the Petroleum Exporting Countries (OPEC) to maintain its current gradual increase in oil output.

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