Oil slides on contradictory output outlooks ahead of OPEC+

Russia is apparently not looking to cut oil production, which Saudi Arabia signalled earlier this week could happen.

A stronger US dollar also squeezes oil demand | Photo: Agustin Marcarian/Reuters/Ritzau Scanpix

by marketwire, translated by daniel pedersen

On Friday, oil drops after contradictory announcements from Russia and Saudi Arabia, respectively, ahead of the next meeting of the Organization of Petroleum Exporting Countries and its allies, OPEC+.

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