Oil prices at a four-month low as OPEC+ plans to phase out voluntary cuts later this year

Oil futures fell sharply on Monday to mark their lowest settlement since February, following a decision by OPEC+ to extend cuts by the group into 2025 but to begin unwinding some additional voluntary reductions later this year.

Oil prices at a four-month low as OPEC+ plans to phase out voluntary cuts later this year
Oil futures fell sharply on Monday to mark their lowest settlement since February, following a decision by OPEC+ to extend cuts by the group into 2025 but to begin unwinding some additional voluntary reductions later this year.