Oil Remains Under Pressure Amid OPEC+ Phase out Plan, U.S. Inventory Build

Oil prices edged higher but remained under pressure amid bearish sentiment in the market following OPEC+’s decision to gradually phase out voluntary output cuts and a reported build in U.S. crude inventories.

Oil prices edged higher but remained under pressure amid bearish sentiment in the market following OPEC+’s decision to gradually phase out voluntary output cuts and a reported build in U.S. crude inventories.