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OPEC+ set for fourth oil quota hike since Strait of Hormuz closure, sources say

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & War

Seven OPEC+ members raised output quotas from April to June by almost 600,000 barrels per day. The move is a modest supply increase that is relevant for oil market balances and commodity pricing, but the article provides no additional context on price reaction or broader policy shifts.

Analysis

Seven OPEC+ members raised output quotas from April to June by almost 600,000 barrels per day. The move is a modest supply increase that is relevant for oil market balances and commodity pricing, but the article provides no additional context on price reaction or broader policy shifts.

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