Fetching News Details
The OPEC meeting in Vienna yesterday ended with a decision to boost output from July after Saudi Arabia convinced Iran to cooperate. The crude prices, however, hiked by some 3%. Brent crude rose to $75.24 before slipping to around $75. WTI crude traded at $67.34. Sources have told news agency Reuters that the cartel agreed to surge production by about 1 million bpd.
