OPEC+ pauses production hikes amid market uncertainties
pre-market1 source ↓written by the desknot a recommendation
- closing
- $60.98
Oil prices remain under pressure as WTI fell 2.23% this week, closing at $60.98. OPEC+ announced a pause on production hikes, freezing output increases until March 2026. This decision may create a mildly bullish environment if U.S. production declines significantly. The market remains cautious amid ongoing sanctions on Russian energy.
Not investment advice. For informational purposes only.