Oil Prices Slide Over $2 as OPEC+ Accelerates Output Hikes
Oil prices tumbled more than $2 per barrel in Asian trading on Monday, as OPEC+ moves to ramp up production, fueling fresh concerns about an oversupplied market grappling with unclear demand prospects. By 06:53 GMT, Brent crude futures had dropped $2.21, or 3.61%, trading at $59.08 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude…
