OPEC+ announces surprise oil cuts, while U.S. calls the move inadvisable

Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in 2018. Crude prices fluctuated in recent months, rising to more than $120 in early June amid growing fears about a global recession, subsequently falling to around $90 per barrel after…

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