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OPEC+ agrees to hike oil output, warns of slow recovery after attacks
The rise is largely symbolic as some key members are unable to raise production amid the US-Israel war on Iran.
Summary
The rise is largely symbolic as some key members are unable to raise production amid the US-Israel war on Iran. The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil output quotas by 206,000 barrels per day for May, a rise that is largely symbolic as some of its key members are unable to raise production due to the US-Israeli war on Iran .
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