Oil climbs after Opec+ sticks to modest supply hike, defying US pressure

November 05, 2021 9:08 AM

SINGAPORE ( NYTIMES, BLOOMBERG) – Oil advanced in early Asian trading on Friday (Nov 5) after Opec, Russia and other oil-producing nations shook off pressure from the Biden administration and decided to stick with their previous plan to raise oil production by a modest 400,000 barrels a day next month.

Source : http://www.straitstimes.com/business/companies-markets/oil-climbs-after-opec-sticks-to-modest-supply-hike-defying-us-pressure

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