Oil Prices Soar As OPEC+ Announced a Surprise Production Cut
Date: 3rd April 2023
On Sunday, OPEC+ announced a surprise production cut of some 1.66 million barrels per day, increasing the total OPEC+ cut to 3.66 million bpd. Oil prices soared on the news, climbing by 8% initially before falling back slightly.
![](https://cdn1.npcdn.net/userfiles/21740/image/Oil_Price_20230405(1).jpg)
Read more here.
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05 Apr 2023