Oil prices take a breather as OPEC+ sticks to output plans - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 2 February 2022

Oil prices take a breather as OPEC+ sticks to output plans

Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 37 cents, or 0.4%, to $89.10 a barrel by 0127 GMT, after rising 31 cents on Wednesday.

from Commodities-Markets-Economic Times
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