OPEC and its nine allies posted their highest monthly crude oil production rise in five months ending July, led by gains in Saudi Arabia and Kazakhstan, the latest Platts survey by S&P Global Commodity Insights showed.
The OPEC+ alliance hiked output by a hefty 490,000 barrels per day from...
Oil prices eased on Wednesday after industry data showed US crude inventories unexpectedly rose last week, signaling a potential hiccup in demand, though concerns over supply kept losses in check.
Brent crude futures fell 23 cents, or 0.2%, to $96.08 a barrel, Money.usnews.com reported.
US West...