OPEC+ to proceed with planned April oil output hike, sources say
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OPEC+ has decided to proceed with a planned increase in oil output for April, according to sources. This decision could impact global oil prices and related markets.
March 03, 2025 | 6:45 pm
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The United States Brent Oil Fund (BNO), which tracks the price of Brent crude oil, may experience price fluctuations due to OPEC+'s decision to increase oil output in April.
BNO is directly linked to Brent crude oil prices. An increase in oil output by OPEC+ could lead to a decrease in oil prices, negatively impacting BNO's price.
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