💨 Abstract

Oil prices rose 2% on Monday, as OPEC+ delayed its planned increase in output by a month and the market braced for the U.S. presidential election. Brent crude was at $74.42 per barrel, while West Texas Intermediate was at $70.83. OPEC+ extended its output cut of 2.2 million barrels per day, with an increase already delayed from October due to falling prices and weak demand.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖