OPEC sets no new output target

OPEC decided Thursday, June 2, to keep oil gushing after a moderate recovery in the crude eased the pressure to limit output, with Saudi Arabia saying the cartel is “very satisfied” with the market.  A final statement from the Organization of the Petroleum Exporting Countries after a meeting in Vienna made clear that the 13-nation group had not set a new output target.  Read more here.  


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