OPEC and non-OPEC producers, the group known as OPEC +, agreed to stick to the existing plan to ease crude production cuts in June and July, Reuters reported Tuesday, citing sources familiar with the matter.
The group has not discussed the exit strategy for August and has decided to hold the next ministerial meeting on July 1.
Market reaction
This headline does not appear to have a significant impact on oil prices. At time of writing, a barrel of West Texas Intermediate (WTI) was up 2.55% on the day at $ 68.60.
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