Oil slips after OPEC+ agrees to raise output targets

Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of ​Hormuz are recovering, potentially adding to global supplies.

Jul 6, 2026 - 08:00
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Oil slips after OPEC+ agrees to raise output targets
Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of ​Hormuz are recovering, potentially adding to global supplies.

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