Oil prices drop 2% to $63 - OPEC+ meeting could sink your energy stocks further
Key Points
- Oil prices dropped to $63 per barrel as OPEC+ considers incr...
Oil just hit $63 per barrel after a 2% nosedive on September 3rd, and OPEC+ is about to make things even more interesting. While everyone's watching Russia for drama, the real plot twist might come from OPEC+ themselves - they're considering flooding the market with an extra 1.65 million barrels per day, earlier than anyone expected.
Think of it like your local gas station suddenly deciding to undercut every competitor in town. OPEC+ controls half the world's oil supply, and they're getting tired of watching expensive U.S. producers steal their customers. The problem? This strategy could back...
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