Commodity Superfast: Oil Jumps As OPEC And Its Allies Announce A Surprise Output Cut

Zee Business Video Team | Updated: April 3, 2023 07:54 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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