Why OPEC+ will likely hike next month’s oil-output quota — even as prices just posted their biggest weekly drop since June

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The major crude-oil producers known as OPEC+ are expected to agree to another monthly hike in oil-output quotas at a meeting this week — despite expectations for a global supply surplus this year and next.

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Why OPEC+ will likely hike next month’s oil-output quota — even as prices just posted their biggest weekly drop since June

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