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.



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