Oil prices plunge to multi-year low as OPEC+ plans to accelerate production hikes
Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, accelerating output increases in June. The move is expected to exacerbate a market surplus amid weakening demand driven by escalating US-China trade tensions. Crude oil prices plunged to a multi-year low following OPEC+’s decision to accelerate…