OPEC+ production hike delay may signal oil price concerns, analysts say

Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Oil futures posted strong gains Monday after OPEC and its allies delayed plans to start unwinding production cuts by another month to the end of this year, a move analysts say will keep nearly 6M barrels off the market in December.

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