Commodity Special Show: Oil Jumps On Surprise Output Cut; Are We Heading For An Oil Supply Shock?

Zee Business Video Team | Updated: April 3, 2023 10:10 PM IST

Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut output. The Brent price of the global market jumped 8% to cross $86. Saudi Arabia will reduce production by 5 lakh barrels per day.



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