Written By WION Video Team
Published: May 06, 2025, 07:45 IST | Updated: May 06, 2025, 07:45 IST
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World Business Watch May 06, 2025, 07:45 IST
Brent trades around $60 after OPEC decision
Crude oil prices experienced a significant decline, falling below $60 per barrel briefly -- this was following OPEC+'s announcement to increase production by 411,000 barrels per day starting in June. This move comes after a similar increase in May and has raised concerns about a potential oversupply in the market.
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