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OPEC+ expected to reconfirm August plans at next week’s meeting – report

Last month, OPEC+ pre-announced a production increase for July and August of 648,000 bpd for July and August. They will approve this at next week’s meeting, according to five sources quoted by Reuters.

That said, things can change quickly. Last month we heard the same reports, then they ramped up production in a late shift.

WTI Crude Oil is trading down $1.00 at $105.20/barrel.


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