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OPEC+ Boosts Output Amid Oil Price Slide | Edmonton News
Description
OPEC+ just pumped more oil—188,000 barrels a day—marking its fifth straight month of production hikes, as prices plummet to pre-war lows. With Iran now allowing ships through the Strait of Hormuz after a U.S. truce, global supply is slowly returning, but tensions remain high and traffic hasn’t fully recovered. Brent crude now trades below $72, down from $120 in March, and experts warn fuel prices will stay elevated even after the conflict ends.
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