Trend > News > Oil rebounds 3% as OPEC+ weighs biggest output cut since 2020
Oil rebounds 3% as OPEC+ weighs biggest output cut since 2020
Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic, in a bid to support the market.

Oil rebounds 3% as OPEC+ weighs biggest output cut since 2020

Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic, in a bid to support the market.