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OIL PRICES RISE AS OPEC+ AGREES TO RAISE OUTPUT AT SLOWER PACE FROM OCTOBER

https://media.zenfs.com/en/reuters-finance.com/e9a56e980d53743b040b908166f4f5ed

✍️ Oil prices rose on Monday after OPEC+ agreed to raise output further, but at a slower pace, due to anticipated weakening of global demand.

👉 OPEC+ agreed to raise oil production from October

👉 Production increase will be slower than previous months

👉 Decision came as a surprise amid a likely oil glut in winter months

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