Oil Makes U-Turn and Settles Lower Despite OPEC Cuts
Oil futures fall as investors weigh OPEC's announcement of additional voluntary output cuts in 1Q24 by the group and its allies. The cuts include the extension of Saudi Arabia's and Russia's 1.3 million barrels-a-day voluntary reductions, and other voluntary cuts by Iraq, Kuwait, UAE, Kazakhstan,…
#opec #saudiarabia #iraq #kuwait #uae #kazakhstan #algeria #oman #annlouisehittle