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Article Market Watch

OPEC+ raises output levels again despite tumbling crude prices

Market Watch July 5, 2026 · 7:55 pm Read Original
Bullish 65.0
−100 Bearish 0 +100 Bullish
OPEC+ raises output levels again despite tumbling crude prices

Major oil producers on Sunday agreed once again to modestly increase their crude production, although, as in previous months, the hike is largely symbolic until a peace deal between the U.S. and Iran sticks and the Strait of Hormuz is fully reopened to shipping traffic.

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Article Info
Source Market Watch
Published Jul 5, 2026 · 7:55 pm
Article ID fnoi46k
Original URL Open source
Sentiment Signal
Bullish 65.0
−100Neutral+100
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