PRESS ROOM
Oil prices respond favourably as OPEC+ see improving demand outlook
Friday 04th June '21
The Organisation of the Petroleum Exporting Countries and its partners (OPEC+) have decided to increase supply only gradually amid a backdrop of improving demand. Following its increases in May and June, total increases would now amount to 2m barrels per day over the period. The group had cut supply by 9.7m barrels per day last year.
Source: WisdomTree, Bloomberg. Data as of 02/06/2021.