DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!Oil Dips as OPEC+ Braces for Demand Slowdown and Surplus Ahead
Oil Dips as OPEC+ Braces for Demand Slowdown and Surplus Ahead

Oil Dips as OPEC+ Braces for Demand Slowdown and Surplus Ahead

Update: 2025-11-03
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OPEC plus alliance pauses oil production increase, citing slowing demand; oil prices dip below sixty-five dollars a barrel. Despite some members struggling to meet targets, the group sends a strong message about market awareness. Uncertainty looms as a Ukrainian drone strike damages Russian oil exports and political tensions rise in Nigeria, Africa's largest oil producer.

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Oil Dips as OPEC+ Braces for Demand Slowdown and Surplus Ahead

Oil Dips as OPEC+ Braces for Demand Slowdown and Surplus Ahead