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OPEC+ to Ratify Planned Oil Quota Hike as Gulf Flows Resume

OPEC+ has a preliminary agreement for another modest oil quota increase in August, delegates said, raising the prospect of more supply eventually hitting the market again if a US-Iran peace pact can stick.

This article was originally published by Bloomberg Markets and is republished here under license.

OPEC+ has a preliminary agreement for another modest oil quota increase in August, delegates said, raising the prospect of more supply eventually hitting the market again if a US-Iran peace pact can stick.

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