OPEC Output Soared to Year-High Despite Pledge to Cut
KeenanFite9077Crude oil prices retreated after a 6-day rally, upon receiving some hard data pointing to abundant supply. The front-month WTI crude oil contract initially climbed higher to 50.43 before settling at 49.16, down -2.01%. The Brent contract ended the day at 51.78, down -1.65%.
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OPEC Output Soared to Year-High Despite Pledge to Cut
