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Crude oil WTI tanks 4% as OPEC consider supply increase of 1 million barrels a day

Saudi Arabia and Russia are considering adding 1 million barrels a day (mbd) to the market while the current cut is at 1.8 million mbd. Saudi Arabia Energy Minister Al-Falih says he was targeting $80 a barrel “to support domestic initiatives”.  “The moment is coming when we should consider assessing ways to exit the deal […] The post Crude oil WTI tanks 4% as OPEC consider supply increase of 1 million barrels a day appeared first on Forex Crunch.

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