Crude oil soars as Saudi Arabia announces output cut, OPEC+ extends supply limits
Zee Business Video Team | Updated: June 5, 2023 08:00 PM IST
The global crude oil market is buzzing as Saudi Arabia announces a significant output cut of 10 lakh barrels per day (BPD), leading to a surge in oil prices. In addition, OPEC+ extends supply limits, ensuring that a total of 36.6 lakh BPD remains under control.
