OPEC+ Unleashes Oil Flood: 6% Price Drop as Production Hikes Intensify, Oversupply Fears Rise

Unknown Apr 02, 2026 750 Views

Brent and WTI crude oil futures have fallen sharply, with losses further deepening by about 6% as OPEC+ opted to bring forward oil production increases. The OPEC+ move has surprised markets, deepening concerns over oversupply and further weakening oil prices. Key Highlights:...